Average Quote by Thomas Piketty
“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.”
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.
Focus on motivation and culture.
Themes
Mood
Type
When to use this quote
- corporate hiring
- policy making
- salary negotiations
Key Concepts
Questions to Reflect On
- Are high salaries always ineffective?
- What non‑monetary incentives work best?
It may overlook industry‑specific pay dynamics.