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How is this FUD? I'm telling you that I don't want that. A lot of people don't want that. We have CEOs and government employees who have public salaries for th
by ryanwaggoner 9y ago
How is this FUD? I'm telling you that I don't want that. A lot of people don't want that.
We have CEOs and government employees who have public salaries for the specific purpose of public accountability, not just because we're curious or because we're entitled to know the price of everything at all times.
Now, a world with perfect price transparency in the labor market might make sense, but two points:
1) We don't have that universal transparency now, so being the 1% of firms that does (or their employees) can put you at a disadvantage. Why do you think some places are passing labor-friendly laws that make it illegal to ask what previous salary was?
2) Price transparency doesn't have to mean that we get those prices from an "objective" formula that has no room for flexibility based on the facts and circumstances of each case, right? How is this different from mandatory minimum sentencing guidelines, or whatever?
I think that price transparency would probably help the average worker by bringing low performer salaries up and high performer salaries down, and it would probably harm overall productivity by harming incentives. But I'm not an economist.