Interesting Links for 20-04-2017
Apr. 20th, 2017 12:00 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
- In 1983 it became impossible to measure the speed of light
- (tags: speed light science )
- Triclosan, banned from soaps but not toothpastes, may help superbugs in gut
- (tags: antibiotics microbiome teeth )
- Tim Farron: Lib Dem leader says being gay is not a sin
- (tags: religion politics libdem )
- Ultrasonic clothes dryer halves drying time, uses 70% less energy
- (tags: clothes water sound Technology )
- Labour to set a 'cap' on salaries of top executives in Government-employed companies
- I'd love to see the specifics of how they intend to make this work.
(tags: pay labour politics ) - I took the Political Compass test again. Not sure about where they've put the parties...
- (tags: politics testing )
- South Indian frog oozes molecule that inexplicably decimates flu viruses
- (tags: frog disease )
- Jeremy Corbyn rejects 'progressive alliance' with SNP
- (tags: Labour SNP politics uk )
- Stellaris keeps looking like it would be a lot of fun to play
- (tags: games scifi )
- Cheaper brands are often the same as expensive ones
- (tags: branding marketing )
- Woman Who Begged For 50p Sentenced To Six Months In Prison In A Hearing Where She Had No Lawyer
- (tags: law OhForFucksSake poverty uk )
- The Last Jedi: Mark Hamill 'fundamentally disagrees with virtually everything' written for his character
- (tags: StarWars )
no subject
Date: 2017-04-20 12:59 pm (UTC)Ways of evading pay ratios include outsourcing low paid work. If you're an IT consultancy firm with junior software engineers on a salary of £30k and one receptionist on £18k then you transfer your receptionist to Conceierge Services Ltd and hire concierge services from them. That one move allows your CEO to put a multiple of £12k on their salary. You'd also need to have a think about how it interacted with other forms of pay, such as bonuses, commissions, pension payments and stock options as well as perqs and benefits. Your receptionist gets a payrise but has her holiday cut to the statutory minimum but is allowed to take lots of unpaid days off.
You need to be careful about what entity or business unit you decide is the supplier to the government. How do you deal with suppliers to suppliers of government contracts. The IT supplier to the architect who is sub-contracted to the road building civil engineering firm. Are they a government supplier?
Undesirable behaviour that might be driven includes outsourcing, sacking apprentices, automation of low-paid jobs and a driving away of firms from working for the government. My observation of the USA is that federal acquisition regulations are so burdensome that many firms just don't trade with the government.
Are they fair? I guess a libertarian would say not on general principles. I'm looking at how different CEO's get treated depending on the different structures of their industry. Banking for example. Running RBS is probably as complex as running BP. If one accepts that the CEO of a large business should be paid in relation to the complexity they are managing then I am not sure that the CEO of BP should be paid markedly more than the CEO of RBS. RBS however employs quite a large number of relatively lowly paid and low-skilled clerking or call centre staff. BP generally doesn't have large number of semi-skilled labour.
Which combined make the whole thing tricky. The government needs a bank. So either all the banks will No Bid the government banking contract or the Teller: CEO pay ratio will have to be set so high that it fundamentally fails to address low pay in other government contractors because although there will be a link between the lowest and highest pay bands the ratio will be high enough to not actually matter much.
Pay caps
Date: 2017-04-20 01:45 pm (UTC)Agreed with all of that. I'm not saying it's impossible, just that I'd like to see a very detailed plan before having any faith that you could do it without significant unwanted repercussions or trivial workarounds.
And also I'm not at all convinced that doing so would be better than allowing high pay - and then taxing it at 50%.
Re: Pay caps
Date: 2017-04-20 01:52 pm (UTC)I think I'd actually be more in favour of a small reduction in corporation for companies that met certain pay ratios and which paid everyone the living wage and perhaps some other work-place democracy measures.
no subject
Date: 2017-04-20 01:07 pm (UTC)no subject
Date: 2017-04-20 01:24 pm (UTC)no subject
Date: 2017-04-20 01:28 pm (UTC)no subject
Date: 2017-04-20 02:58 pm (UTC)In 1983 it became impossible to measure the speed of light
Date: 2017-04-21 10:49 am (UTC)(Actually, that particular change happened earlier - the metre was redefined as a certain number of wavelengths of a particular emission line in the 60s, for just this reason. But it's much tidier to define it in terms of the speed of light.)
We're trying to get good enough at metrology to do the same to the kilogram, which - astonishingly - is still defined as the mass of the international prototype kilogram, which is an actual physical thing you can touch, but probably shouldn't. It's the only thing in our measurement system still defined by an actual physical object. And the problem with that is that it's getting heavier over time as it absorbs gunk from the air, despite being cleaned to try to get rid of it. Of course, although in the everyday sense it is getting heavier, its mass is, by strict definition, utterly constant. Which is a problem.
But doing better is really hard - AIUI the best candidate is using stupendously accurate watt balances, so we can redefine the kilogram in terms of a fixed value for the Planck constant, but it's very hard to make single-arm balances that accurate. (A dual-arm balance, comparing one mass with another, is much easier to make very accurate - which is why for most of human history we did most of our weighing that way.)
My favourite method, though, is making astonishingly perfect spheres of silicon so we can count the number of atoms in them precisely and redefine the kilogram in terms of a fixed value for the Avogadro constant. This seems to be more impractical for lots of reasons, and is a little bit silly, but I like it anyway.