Why capitalism requires a new metric for what 'enough' pay actually means
In short: PayPal CEO Dan Schulman argues that current economic models fail because they don't account for an employee's ability to invest in their own future. This talk explores a shift from simple wages to a metric that ensures financial health.
Schulman introduces 'Net Disposable Income' as a vital new metric for determining adequate pay. The core idea is that for capitalism to function effectively, workers must earn enough to move beyond mere survival and actually invest in their long-term futures.
The talk frames investing in employee financial health not just as a moral imperative, but as a sound business strategy. The discussion concludes by exploring how 'fair pay' may need to be individualized, reflecting the unique needs and circumstances of different workers.
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Sources
- Summary by Intellect · source: TED Business: How we can actually pay people enough -- with Paypal CEO Dan Schulman
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