Big changes in how workers are paid?

Here is a heads-up on what could be a major change in how we treat human capital in the US — specifically “blue-collar” workers. According to a story in today’s Wall Street Journal:

GM CEO Daniel Akerson said Tuesday in a speech that he favors an “incentive-enhanced, variable pay system” for employees. “This would be a very large shift and the issue isn’t simply one of principal but one of what the terms will look like,” said Harley Shaiken, a professor at the University of California, Berkeley, who specializes in labor issues.

Yes, it would be a very large shift – with all sorts of ramifications. It is unclear to me what those ramifications would be for how we value and foster human capital. I look forward to hearing more.

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