The independent tribunal that sets politician pay has determined to give federal MPs a 4 per cent pay rise, saying previous pay increases have been conservative.
Personally I do want politicians to be earning enough that it stops being super easy to bribe them. If that means giving them a few million a year that’s fine, because it’s pocket change compared to the cost savings in terms of corruption.
In first world countries, wages do not influence susceptibility to bribery.
In high-income countries, petty corruption is less common because wages are above subsistence level. Corruption in these countries, if present, involves more secret deals, brings about larger payoffs, and is more difficult to detect. Government wages will arguably be less effective to combat the latter form of corruption. https://cepr.org/voxeu/columns/higher-government-wages-may-reduce-corruption
The number itself isn’t unreasonable. Its the disparity and ‘quality of life’ differences that yeilds, that i think are the key issues. Such as personal agency in life choices.
The worst parts of poverty are often about the choice constraints imposed.
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Personally I do want politicians to be earning enough that it stops being super easy to bribe them. If that means giving them a few million a year that’s fine, because it’s pocket change compared to the cost savings in terms of corruption.
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In first world countries, wages do not influence susceptibility to bribery.
In high-income countries, petty corruption is less common because wages are above subsistence level. Corruption in these countries, if present, involves more secret deals, brings about larger payoffs, and is more difficult to detect. Government wages will arguably be less effective to combat the latter form of corruption.
https://cepr.org/voxeu/columns/higher-government-wages-may-reduce-corruption
No one should be earning (up to) half a million a year?
If I could augment your argument a little…
The number itself isn’t unreasonable. Its the disparity and ‘quality of life’ differences that yeilds, that i think are the key issues. Such as personal agency in life choices.
The worst parts of poverty are often about the choice constraints imposed.