[HN Gopher] Managers with MBAs are the best at taking money from...
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       Managers with MBAs are the best at taking money from workers and
       not much else [pdf]
        
       Author : nemoniac
       Score  : 7 points
       Date   : 2022-03-28 21:49 UTC (1 hours ago)
        
 (HTM) web link (www.nber.org)
 (TXT) w3m dump (www.nber.org)
        
       | paxys wrote:
       | From the abstract:
       | 
       | > Within five years of the appointment of a business manager,
       | wages decline by 6% and the labor share by 5 percentage points in
       | the US, and by 3% and 3 percentage points in Denmark. Firms
       | appointing business managers are not on differential trends and
       | do not enjoy higher output, investment, or employment growth
       | thereafter.
       | 
       | So, the company sees salary expenses reduce by 3-6% and the rest
       | of the business is unaffected. Sounds like hiring MBAs is a great
       | decision for them.
        
         | omginternets wrote:
         | Sounds like short-term thinking.
        
         | heavenlyblue wrote:
         | If they reduced the salary by 3-6% but there's no difference in
         | the calculated high level metrics it means that they started
         | spending that difference somewhere else.
        
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       (page generated 2022-03-28 23:01 UTC)