further tales of the wicksteed residual :

"Reducing the claims of workers on the surplus of the firm can be seen as the next step in the emancipation of workers"

amazing
free to be on your ownership

your human capital is your fate

amazing

as is the whole article

as is the trend of articles
at vox economiciii

the science is peeking thru here
but the fast footed work
and hand shuffles ....geez

--------
where to start ????

i ruminate
with out conclusion
i can but peck at this mountain of bad seeds

take
the often very useful word surplus

i prefer it to rent

because though it includes rent
it also includes various supply regulating.... revenues as well
like profits of enterprise and patents and ...
the real magila oblongata

risk

recall though
if comparative rents exist
then long run incentives exist
equal to the difference
between em....eh ??

but i digress

the concept of surplus also has another distinction

between
buyers surplus and sellers surplus
the surplus falls to either to the one or other
depending on the transaction price

now the perfcomp model
turns all surplus into dynamic vanishing revenues
by price grinding competition
and the only final non pure dynamic surplus
is initial fixed factor surplus
and final consumers surplus

to descend from the clouds

question
are these only the wagery here getting freed
from the risks of surplus sharing
or top management too ???

i wonder

of course we can define
any surplus the top guys grab
as incentive based comp
ahh the alchemy of it all

and to return to risk
it partakes of enterpise surplus
because baring it
requires a fair reward
for baring in

now the risk of employment
to the employed
and the risk of risk they face itself
are very different layers
enter uncertainty or at least ignorance

taking a job for certain hours of the day or night
excludes you
from taking another at those same hours
that we can agree on
and often jobs require a further degree of exclusivity
related to competing firms
but two possible employments may well
present very differing risks
and a strong uncertainty
about just what those differences might be

enter as an off set
to job risk and uncertainty

universal employment insurance and wage insurance
and other flex-curity programs
compulsory or otherwise

and ---drew's panacea---
sectoral wage setting
which makes comp differences transparent and socially acceptable
--which seniority-teniority doesn't

jseniorit premia
and tenure entitling
works much like housing rental control
and it from a goo goo pov
may well scotch its own good intentions
by splitski ing
the wage class into tenured and untenured
and the tenured into
at risk and less at risk
---as opposed to plain
shit outa luck ----
i loss my energy

this smells of teutonic must
more then anglo saxon craft
but none theless
it only seems to imply
its deceptions
not state them

towit
the present social market system
can be tweaked
and tweaked to bene wagery

vide denmark you cuffs

even if it has a very paradoxical transition period
where it looks like ...a rip off

trust us
its in the long run good
or
as frank's monster might say it

"GOOOOOOOD"
--------

might i suggest this
the systemic tendency favors
the atomization of the job force
and the impersonalization of job /worker match ups

the portable notion
is self built human capital

invest in your skill set and then
proceed at your own risk
or societies
as in
get insured wage state side
get pensioned state side
get health and welfared state side too
in fact
let the nanny state take care of everything
but private profits

nice eh ???

frank's m comes into frame again

with a brief jerky wave
of his huge pale greenish hand

"arrrrhhh "