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People need confidence, entitlement, or experience to ask for their worth. Employers know this. Companies brag about taking advantage of information asymmetry t
by kelukelugames 9y ago
People need confidence, entitlement, or experience to ask for their worth. Employers know this. Companies brag about taking advantage of information asymmetry to pay us less and we applaud them for it?
- lotsofpulp 9y agoNo, people need multiple offers to compete for their worth. If you let one company tell you how much you're worth, then that is on you. Learning to sell yourself is also a skill, so unless employers are colluding (which I know does happen, and am not excusing), then there isn't anything insidious about paying less for people without brand name reputations. It's the same as buying anything brand name, you're paying for the (presumed) higher probability of higher quality or reduced chance of failure. Transparency of salaries would be a boon to the general public, but we have such a huge social stigma against discussing pay, that employers can take advantage of this, however that's not the employer's fault.