An economy will get the best engineers with the least people diverted from other key occupations most quickly through...
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Raising monetary incentives raises performance if the task doesn't require "even rudimentary cognitive skill". Ariel et al
Bullshite. I'd never program if it weren't for the money - here's a cognitive boost.
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But would your performance improve a lot with double the money? Of course not. But trivial jobs really do scale with pay.
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If you pay well, I do everything I see that needs attention. If you pay so-so, I do what you tell me (if I stay). Big diff.
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Of course we wouldn't work for free, but it's about scaling the money. Beyond a point it doesn't matter.
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It matters - higher wages drive more people into the occupation. But if Wall St pays more they go there.
End of conversation
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