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I don't understand - there is a job market, and like most markets here is information asymmetry. Companies have more information about compensation than workers
by nextaccountic 5y ago
I don't understand - there is a job market, and like most markets here is information asymmetry. Companies have more information about compensation than workers. In this situation, having less salary information enable employers to take advantage of employees.
We're talking about this https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons right?