4 ms·
> Middle-class-or-better people don’t like to talk about money... You realize you are talking to people who have a problem you can’t solve for them. This exten
by draw_down 4y ago
> Middle-class-or-better people don’t like to talk about money... You realize you are talking to people who have a problem you can’t solve for them.
This extends to not wanting to discuss salary with coworkers, by the way. The common conception is the bosses want to hold us down so they tell us not to talk about it. But I’ve been in multiple situations where I didn’t want to.
I knew I was making more, and it wasn’t because i was the best- in some cases I was lucky, sometimes I just negotiated better. But in either case there’s really no upside to disclosing.
- lotsofpulp 4y ago>I knew I was making more >But in either case there’s really no upside to disclosing. There certainly is upside to discussing for anyone earning less than median. But as you write, as long as everyone thinks they are earning more than the median, individually they have no upside. Obviously, everyone cannot be earning more than median, but more importantly, price transparency shows the movement of supply and demand curves, across industries and even across businesses in the same industry.
- draw_down 4y ago
- diob 4y agoI disagree that there isn't an upside. In general, there would be more upward pressure on wages if information asymmetry went away. It's especially insidious for folks in the lower class, since they don't realize the extent to which they are being underpaid.
- draw_down 4y ago
- drpgq 4y agoI wonder if when I leave a job if I should message some co-workers what my salary history was.