Monday, January 8, 2018

UC Regents Working Group on Executive Compensation Jan 8

Here are the handouts materials for this meeting:

32 pages mostly comp chart comparisons in higher ed nationally.

Add in here that it was sad to see Regents talking to each other during public comment and then to see their chief of staff/Secretary (who makes a salary at the same pay rate of some in the general counsels office) disallow a final speaker in public comment because he did not sign up prior... At that point only ten of the twenty minutes of public comment had been used up, so it was a bad look esp given the subject matter...
And this came up in public comment:

Which is another academic irony in light of:
..."Critics are pointing to a University of Washington study, released last June, about what happened after Seattle embarked on a similar course, comparing it to other larger cities in Washington.

The UW researchers concluded that “employment losses associated with Seattle’s mandated wage increases are in fact large enough to have resulted in net reductions in payroll expenses – and total employee earnings – in the city’s low-wage job market.”

The study drew sharp rebukes from liberal economists, such as those at the University of California.

A few months later, UC’s Labor Center issued its own study, declaring that “California’s $15 minimum wage law will substantially increase lifetime earnings among low-income workers (and) by boosting the earnings of low-income workers, the $15 minimum wage policy will enable them to save for retirement (and) will result in a significant increase in Social Security benefits for young low-income workers, and a modest increase for mid-career low-income workers.”

Oddly, both may be correct.

Boosting minimum wages will"...




January 8, 2018

3:00 pm Working Group on Executive Compensation (open session - includes public comment session)

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