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Why Are There So Many Bad Bosses?

Freakonomics Radio

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Rethinking Career Advancement

This chapter examines the role of promotions versus salary increases as motivators for employees, suggesting that opportunities for advancement often hold greater value. It explores the challenges of the traditional career progression model, particularly the Peter Principle, which asserts that individuals are promoted until they reach their level of incompetence. Through personal experiences and case studies from technology firms, the chapter highlights the importance of recognizing specialized roles and the satisfaction derived from individual contributions without necessitating a shift into management.

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