Your English writing platform
Discover LudwigExact(2)
Nobody seriously believes high pay caused the financial meltdown; it was bubblicious groupthink.
Mr. Brooks goes too far, however, in saying, "Nobody seriously believes high pay caused the financial meltdown; it was bubblicious groupthink".
Similar(58)
The abuses of companies such as Home Depot obscure how most high pay has been caused not by powerful bosses fixing their own wages, but by the changing job of the chief executive, the growth of large companies and the competitive market for talent.
Those seeking higher pay have scant hope.
Managers may thus receive greater performance-based pay because they manage higher quality projects, not that greater performance-based pay causes firm value to increase.
On balance, then, the high pay that lures talent to the financial industry may actually cause harm.
Hancock, the skills minister and a former aide to George Osborne, said his party needed to be seen to be tackling the causes not just of excessively high pay, but also unjustified low pay.
Businesses (especially banks) and households freely offered to sell Treasury bills to get the cash they needed to pay the higher prices caused by the OPEC oil embargo.
Their efforts have met fierce resistance from employer groups, which argue that paying untrained workers more will generate demand for higher pay up the ladder, too, causing inflation.
Low pay also causes high turnover.
She also fought for higher pay for senators and representatives, a politically unpopular cause, because she thought it would raise the quality of legislators and reduce turnover.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com