3 ms·
As other commenters have said, the paper continues on to include an analysis that suggests the descrepancy is not due to some unique characteristic of the priva
by zaksoup 8y ago
As other commenters have said, the paper continues on to include an analysis that suggests the descrepancy is not due to some unique characteristic of the private sector but rather the concentration of union jobs in relatively low paying occupations in private industry. This and other BLS published reports suggest, therefor, that unions like the kickstarter union will ultimately put upward pressure on wages in professional occupations.
- plainOldText 8y agoI think the paper as it stands is deficient. As I've mentioned in my previous comment, in the tech sector particularly, compensation is a combination of salary, stocks, bonuses, etc. Unless it adopts a more rigorous methodology, the paper paints a limited picture. [1] For example, according to PayScale, Google pays on average $15,030 in annual employee bonuses (anywhere from $1,000 to $80,000), and for comparison, Facebook pays $12,860. These numbers will have a significant effect on hourly compensation. Unfortunately, statistical analysis is tricky to get right, and plenty of papers contain errors and omissions, and I'm not necessarily saying that's the case here, but one ought to be aware. More on this topic, in case anyone is interested – Statistics Done Wrong [2] [1] https://www.bls.gov/ncs/ncbr0002.pdf https://www.bls.gov/ncs/ncbr0002.pdf [2] https://www.amazon.com/gp/product/1593276206 https://www.amazon.com/gp/product/1593276206