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“I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.” quote by Thomas Piketty
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“I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.”

Thomas Piketty

About This Quote

Source Book: Capital in the Twenty‑First Century, 2013

High pay isn’t the sole driver of managerial performance; other factors matter more.

In simple terms: Money isn’t everything for managers.

Key Takeaway

Focus on motivation and culture.

Themes

economics management inequality

Mood

analytical critical

Type

economic policy

When to use this quote

  • corporate hiring
  • policy making
  • salary negotiations

Key Concepts

human capital incentive theory

Questions to Reflect On

  • Are high salaries always ineffective?
  • What non‑monetary incentives work best?
A Different Perspective

It may overlook industry‑specific pay dynamics.

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