They are paid what they are worth
This is Matilah’s truism. I always discount what he said by 50% as most of the time he just shoot from his hip. In this case he added a qualifier, ie, a free market mechanism. Of course there is no real free market mechanism to talk about, especially when pay is concerned. For this, I will deduct another 20% from his truth.
The corruption in both public and private practices as far as compensation for the top dogs is concerned is as innocent as the devil wearing a halo over its head. How could anyone justify paying a joker hundreds of millions a year or tens of millions a year? Superman or Wonder Woman? Yesterday’s ST reported about the scions of billionaires paying themselves millions simply because of their genealogy. But the recipients would tell you they really deserved every cent paid to them.
How deserving a person is should not be determined by the incumbents or those with vested interest in the well being of the incumbents. We have seen and heard a lot of hogwash regarding the super salaries the employees are getting and claimed to be worth every cent of it. Would any of the recipients or those related to the recipients say otherwise? Or would anyone of them be honest enough to stand up, with a straight face, or embarrassingly and meekly say, actually I don’t deserve the money as I am doing sweet nothing?
Closer to home, the hot topic of the ministerial salary is always on the mind of most Sinkies. The ministers will vouch and swear that they deserved every cent they are paid. Some will even claim that they are underpaid. I am not going to discount any of their claims. I do not know how hard they work for their money or what is their true market value.
What is important is the paymaster. Does the paymaster think that the ministers are being paid fairly? You will know the answer in 2016.
The real stuff in the real world is that many are paid outrageous salary because they are family. And many are equally paid dubious salary because of political reasons, using public funds. How many of you really believe in this Matilah truism?