15.7.14

INCOME AND SUBSTITUTION EFFECTS.

It has long been the Cold Spring Shops position that people, particularly talented people, hold out for terms other than the standard we-pay-you-a-lot-and-own-your-spare-time contract.
There's no intellectual basis for criticizing the individual who is willing to outwork others in order to secure income, or promotions.

On the other hand, there's no reason for a corporation to restrict its promotion opportunities to the most conspicuous time-servers, or to restrict its flexible job descriptions to mothers.
Now comes Echidne of the Snakes, in a sympathetic response to the domestic difficulties of Pepsi chief Indra K. Nooyi.
[M]y guess is that most every single high-powered CEO out there spends relatively little time with his or her family, because that's what the cultural expectations are.  The enormous salaries are based on the assumption that the CEO is married to the corporation (or that the CEO is the parent of the corporation.)
Yes, and perhaps there's an efficient separating equilibrium in which the most committed strivers self-identify. But that need not be the optimal form of corporate management, or the sole employment contract.
More men need to start demanding work-life balance (proper vacations, more time at home than it takes to sleep, the chance to see the children when they are not asleep and so on), because if that balance is seen as a girly issue it will not be taken seriously.
Perhaps, though, tighter supply sides of the labor market?  Asking for more favorable working conditions is risky in the prolonged slow recovery of the past five years.

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