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  • Isn’t it “natural” for monetary reward to go down in an environment where non-monetary reward of “being worth doing” is received under free market transactions?
  • I feel that cases where the legal minimum wage is less than the legal minimum wage or where a worker does not pay what is legally owed should be simply enforced for violating the law, not for reward and punishment for one’s past performance or whatever.
  • To add a little more to the original story, what you are saying is simple: if you have a challenging job and an unrewarding job at the same salary, the challenging one will be chosen, and the company on the unrewarding side will then need to raise its salary because it will be short-staffed.
  • The short answer is that companies that are underpaid for their work need to pay more.
  • Let’s say that you are a fan of a baseball team and want to go to as many of their games as possible, and Company A allows you to leave early so you can make it to the game, but Company B does not. In this case, Company B needs to pay more if it wants to hire that person.
  • The value of “going to the games” depends on the person, but for example, if B is 3 million more per year, it is not surprising if the person says, “I really want to go to the games, but I’ll hold out for a few years to save money at B…” This is the reason why a company can accumulate non-monetary rewards. This is why a company that cannot pay non-monetary compensation must accumulate monetary compensation.
  • So, the issue is “can the company give the person what he/she wants?” In some cases, the “thing” is not even a physical thing. In this case, it was “Time Freedom. Similarly, if that person wants something rewarding, the company that can’t give it to him needs to pay more.

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  • The choice between Company A and Company B depends on how much importance a person places on each axis. #C-space

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This page is auto-translated from /nishio/非金銭報酬を払えない会社は金銭報酬を積み増さなければならない using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I’m very happy to spread my thought to non-Japanese readers.