{"id":25689,"date":"2010-08-07T10:27:12","date_gmt":"2010-08-07T15:27:12","guid":{"rendered":"http:\/\/thesocietypages.org\/socimages\/?p=25689"},"modified":"2013-12-05T04:12:57","modified_gmt":"2013-12-05T09:12:57","slug":"research-suggests-that-big-bonuses-on-wall-street-are-killing-america","status":"publish","type":"post","link":"https:\/\/thesocietypages.org\/socimages\/2010\/08\/07\/research-suggests-that-big-bonuses-on-wall-street-are-killing-america\/","title":{"rendered":"Big Bonuses on Wall Street are Killing America*"},"content":{"rendered":"<p>According to research by economists, sociologists, and psychologists, for challenging cognitive tasks, large rewards means worse performance.\u00a0 So all of those GIANT bonuses going to workers on Wall Street are not <em>necessary <\/em>for the health of our economy, they may actually be <em>hurting <\/em>it.<\/p>\n<p>Or so Dan Pink argues in this 11-minute illustrated lecture from <a href=\"http:\/\/www.cognitivemedia.co.uk\/wp\/?p=289\" target=\"_blank\">Cognitive Media<\/a>:<\/p>\n<p><object width=\"425\" height=\"352\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"flashvars\" value=\"file=http:\/\/www.cognitivemedia.co.uk\/resources\/video\/Dan_Pink_Drive_420_kps.flv&amp;showdigits=true&amp;autostart=false&amp;overstretch=false&amp;showfsbutton=false\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"src\" value=\"http:\/\/www.cognitivemedia.co.uk\/wp\/wp-content\/plugins\/embedded-video-with-link\/mediaplayer\/player.swf\" \/><\/object><\/p>\n<p>Choice quote: &#8220;When the\u00a0profit motive gets unmoored from the purpose motive, bad things happen.&#8221;<\/p>\n<p>* Hyperbole!<\/p>\n<span class=\"ft_signature\"><em><a href=\"http:\/\/lisa-wade.com\/\">Lisa Wade, PhD<\/a> is an Associate Professor at Tulane University. She is the author of <\/em><a href=\"https:\/\/www.amazon.com\/American-Hookup-New-Culture-Campus\/dp\/039328509X?ie=UTF8&amp;*Version*=1&amp;*entries*=0\">American Hookup<\/a><em>, a book about college sexual culture; a <a href=\"https:\/\/www.amazon.com\/Gender-Interactions-Institutions-Lisa-Wade\/dp\/0393931072?ie=UTF8&amp;*Version*=1&amp;*entries*=0\">textbook about gender<\/a>; and a forthcoming introductory text: <\/em><a href=\"https:\/\/lisa-wade.com\/intro\/\">Terrible Magnificent Sociology<\/a><em>.\u00a0You can follow her on <a href=\"https:\/\/twitter.com\/lisawade\">Twitter<\/a> and <a href=\"https:\/\/www.instagram.com\/lisawadephd\/\">Instagram<\/a>.<\/em><\/span>","protected":false},"excerpt":{"rendered":"<p>According to research by economists, sociologists, and psychologists, for challenging cognitive tasks, large rewards means worse performance.\u00a0 So all of those GIANT bonuses going to workers on Wall Street are not necessary for the health of our economy, they may actually be hurting it. Or so Dan Pink argues in this 11-minute illustrated lecture from [&hellip;]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[36,37,76],"class_list":["post-25689","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-economics","tag-social-psychology","tag-work"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/25689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/comments?post=25689"}],"version-history":[{"count":8,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/25689\/revisions"}],"predecessor-version":[{"id":59873,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/25689\/revisions\/59873"}],"wp:attachment":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/media?parent=25689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/categories?post=25689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/tags?post=25689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}