Written By: Zetetic - Date published: 9:57 am, February 1st, 2012 - 6 comments
Embattled Christchurch City Council CEO Tony Marryatt was asked on Campbell Live last night if he is worth his $500K salary. He said it is the market rate (in fact, its 100K over the median) and he would do the job whether the pay “was 200K or a million”. Now, doesn’t that mean the market clearing price for his labour is $200K? The Council could do a lot with an extra $300K. When’s the pay cut coming?
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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