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Genuinely curious: Why are you confident it will suppress wages? I think it'll be the opposite. When _everyone_ is posting the wages, it lets companies at the

Genuinely curious: Why are you confident it will suppress wages? I think it'll be the opposite. When _everyone_ is posting the wages, it lets companies at the top end use it as a recruiting tool, putting pressure downward to be more competitive on salary, rather than it being a blind negotiation. There will be lots of companies that will have trouble recruiting, because they just aren't wage competitive. This seems logical to me, whats the counter to that?

throwaway0a5e 5y ago
>Why are you confident it will suppress wages? The same mechanism you see uncoordinated price fixing, companies set their numbers by copy+pasting from their competitor +/- a little depending on the details. I think noncompetitive companies will be forced to increase wages initially to compete but after that initial spike the numbers will become much more sticky.
- no_wizard 5y ago
  Raising the floor is I think is a major win. Numbers right now are already sticky, I'd argue.
adolph 5y ago
> When _everyone_ is posting the wages, it lets companies at the top end use it as a _______________ a) method of colluding to depress wages b) PR for "high wages" using jobs they don't intend to fill c) ... There are likely many different outcomes and each isn't likely mutually exclusive.
slt2021 5y ago
this is wrong take, once higher paying companies find out they could pay less due to competitors, they will. also it is possible to advertise higher wage for senior level, but then downlevel employee after interview and offer less and some would still accept that (Google is notorious for doing it)
- N1H1L 5y ago
  Pretty much every higher paying company already knows that. Even the lower paying ones do.
- joshuamorton 5y ago
  > this is wrong take, once higher paying companies find out they could pay less due to competitors, they will. Companies already functionally share compensation information via companies like Radford. You pay a hefty fee and provide your company's info, and in return you get descriptive statistics of the market. Google and facebook don't scour job boards when determining pay scales, they pick some percentile of the market per these surveys and set compensation at that level. As a result, the companies already have transparency, employees do not, so they can only really gain.
- wvenable 5y ago
  Companies all know what other companies are paying for positions. They provide and collect this information from services that aggregate these details. The information deficit is entirely on your side.

throwaway0a5e 5y ago

>Why are you confident it will suppress wages? The same mechanism you see uncoordinated price fixing, companies set their numbers by copy+pasting from their competitor +/- a little depending on the details. I think noncompetitive companies will be forced to increase wages initially to compete but after that initial spike the numbers will become much more sticky.

no_wizard 5y ago
Raising the floor is I think is a major win. Numbers right now are already sticky, I'd argue.

adolph 5y ago

> When _everyone_ is posting the wages, it lets companies at the top end use it as a _______________ a) method of colluding to depress wages b) PR for "high wages" using jobs they don't intend to fill c) ... There are likely many different outcomes and each isn't likely mutually exclusive.

slt2021 5y ago

this is wrong take, once higher paying companies find out they could pay less due to competitors, they will. also it is possible to advertise higher wage for senior level, but then downlevel employee after interview and offer less and some would still accept that (Google is notorious for doing it)

N1H1L 5y ago
Pretty much every higher paying company already knows that. Even the lower paying ones do.
joshuamorton 5y ago
> this is wrong take, once higher paying companies find out they could pay less due to competitors, they will. Companies already functionally share compensation information via companies like Radford. You pay a hefty fee and provide your company's info, and in return you get descriptive statistics of the market. Google and facebook don't scour job boards when determining pay scales, they pick some percentile of the market per these surveys and set compensation at that level. As a result, the companies already have transparency, employees do not, so they can only really gain.
wvenable 5y ago
Companies all know what other companies are paying for positions. They provide and collect this information from services that aggregate these details. The information deficit is entirely on your side.