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I would guess that the main outcome will be more companies fleeing the state.
by gibsonf1 4y ago
I would guess that the main outcome will be more companies fleeing the state.
- jedberg 4y agoFirst off "companies fleeing the state" is way overblown. A couple companies moved their legal HQ, but for example the Tesla office in California is still expanding. They just "moved" for tax reasons. But the people stayed here. Secondly, I doubt many companies will leave given that all their competitors will also have to publish this information.
- gibsonf1 4y agohttps://www.forbes.com/sites/adammillsap/2021/08/27/businesses-are-fleeing-california-along-with-its-residents-and-president-biden-should-pay-attention/?sh=70c116122327 https://www.forbes.com/sites/adammillsap/2021/08/27/business...
- triceratops 4y agoWhy should President Biden pay attention if businesses are "fleeing" California, as long as they're fleeing to another state?
- distrill 4y agolol
- UncleMeat 4y agoForbes contributors are just unedited bloggers.
- jedberg 4y agoThat article only backs up what I said. That business headquarters are moving but not the employees.
- no_wizard 4y agoIts hardly the only state to do this. Many states that passed these laws already, such as Colorado, Connecticut, Nevada, Washington, New York, New Jersey and many more are introduced in state legislation around the country. I don't see this as anti-business either. If anything, it makes it easier to investigate how your competitors are paying their workers and act accordingly.
- lotsofpulp 4y agoCT/NV/NJ have not passed these types of public pay range laws yet to my knowledge, and NY state legislature did but needs governor to sign it.
- Manuel_D 4y agoTotally unnecessary. Just make levels granular so that there's never a large difference in the same role. Junior developer I, II, III, IV. Developer I, II, III, IV. Senior developer I, II... Then you can post whatever salary you want, just say that the candidates' experience and ability matches a different level if you want to pay them more or less. I don't see anything in the bill that prohibits companies from saying "your performance doesn't match level X, but we are willing to offer level Y". Ultimately if companies want to give a candidate more money to seal a hire they'll find a way. If they don't want to pay a candidate as much they'll either just not hire them, or offer a different role. I suspect this will be a superficial change and nothing more.
- scarmig 4y agoThe main outcome will be companies figuring out creative ways to abide by the word of the law while flagrantly flouting its intentions.