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I don't have a strong pro or against view at the moment, but I do think people ought to consider the privacy aspects - what you earn, at least for a while, beco
by flipbrad 5y ago
I don't have a strong pro or against view at the moment, but I do think people ought to consider the privacy aspects - what you earn, at least for a while, becomes easily derived from the job listing for your role.
- lotsofpulp 5y agoThat is the goal. Markets do not function well without price transparency. If a society wants to best allocate resources according to supply and demand, then prices must be visible to market participants in order to discern the movements of supply and demand curves. I can give you an example from a cousin in my family. Pharmacists in the US did very, very well from 1980s to 2000s. That started changing rapidly starting in 2010 or so. The cousin spent $200k+ in the mid 2010s to obtain the necessary certifications to become a pharmacist, only to find out that pay and quality of life at work was decreasing for years due to an oversupply of pharmacists. However, the US government's BLS website had pharmacists listed as a very promising career until 2021, with positive growth. Even though wages had been declining since 2010, easily searchable via sdnforum and reddit pharmacy forums. So now, said cousin is depressed with their life's outlook. They likely will not have children, or purchase a home as they are still busy paying off very hefty loans. This may have been prevented if 20 year olds had access to accurate price movements for the type of labor they are investing hundreds of thousands of dollars in selling. It is not only bad for the individual making the bad investment, it is bad for the country in the long run to misallocate such precious resources, all because price movements are too opaque.