[gailtate]

And if the Pac-12 Network has been paying "below level wages for years", and people have been taking the jobs, it's not really below level, is it.

And if the Pac-12 has been paying Scott's salary for years, and the Presidents have been willing to pay that amount, is it not really above level?

While I generally agree with the importance of price signals and the laws of supply and demand, I also recognize that the labor market is imperfect, and within that imperfect market, monopsonies get away with underpaying, and the principal-agent problem mean that upper managers get away with overpaying themselves.

BC

Thanks for adding a new word to my limited vocab. Monopsony: "A market situation in which there is only one buyer. And it nothing to do with Sony.
Larry is still a cash-grubbing weasel, however.

[gailtate]

And if the Pac-12 Network has been paying "below level wages for years", and people have been taking the jobs, it's not really below level, is it.

And if the Pac-12 has been paying Scott's salary for years, and the Presidents have been willing to pay that amount, is it not really above level?

While I generally agree with the importance of price signals and the laws of supply and demand, I also recognize that the labor market is imperfect, and within that imperfect market, monopsonies get away with underpaying, and the principal-agent problem mean that upper managers get away with overpaying themselves.

BC

Thanks for adding a new word to my limited vocab. Monopsony: "A market situation in which there is only one buyer. And it nothing to do with Sony.
Larry is still a cash-grubbing weasel, however.