Money isn’t the only incentive but it is an important one especially for publicly traded companies. You need lots of money to develop and test new medical devices.
There is ample evidence that creative workers are DE-incentivized by money.
If this were true then companies that succeed in producing new, creative high tech products would pay their most creative employees very little. We don’t observe this.
If this were true then companies that succeed in producing new, creative high tech products would pay their most creative employees very little. We don’t observe this.
Have you seen the music industry recently? ;) [/not sure if serious]
I meant that I wasn’t sure if I was being serious or not.
The people who make the most money in the music industry aren’t necessarily the ones doing the best creative work. For one, “ability to sell records” is imperfectly correlated with music quality, the people that are most visible might not even be all that responsible for the music in the first place, and the revenues from sales can end up distributed in all different ways. There might be composers writing songs that turn into hits when other people perform them who end up getting paid peanuts for doing it. I just don’t know.
Money isn’t the only incentive but it is an important one especially for publicly traded companies. You need lots of money to develop and test new medical devices.
If this were true then companies that succeed in producing new, creative high tech products would pay their most creative employees very little. We don’t observe this.
Have you seen the music industry recently? ;)
[/not sure if serious]
It was serious, but see this.
I meant that I wasn’t sure if I was being serious or not.
The people who make the most money in the music industry aren’t necessarily the ones doing the best creative work. For one, “ability to sell records” is imperfectly correlated with music quality, the people that are most visible might not even be all that responsible for the music in the first place, and the revenues from sales can end up distributed in all different ways. There might be composers writing songs that turn into hits when other people perform them who end up getting paid peanuts for doing it. I just don’t know.