4 ms·
Oh I can make-up scenarios too! Ready? I make $60k because my company underpays and I don't work in tech where jobs tend to be very cushy and compensation info
by llbeansandrice 4y ago
Oh I can make-up scenarios too! Ready?
I make $60k because my company underpays and I don't work in tech where jobs tend to be very cushy and compensation information abounds! I start seeing job listings for my position with a floor of $80k. Wow I just made $20k more thanks to reducing information asymmetry!
For a real example, I had plenty of recruiters and companies that _refused_ to "talk numbers" until the end of the process. Now that I'm further along in my career and finances I have the luxury of being able to shop around and kick companies to the curb that don't suit me.
When I was first leaving college and had no income and little/no savings? A huge power imbalance in favor of the companies and I personally didn't feel comfortable pressing about salary. A law like this that I could have pointed to to just say "you have to tell me, them's the rules" could have had immeasurable impact on my career.
This law obviously doesn't solve every situation, but you must be able to see the information asymmetry and power imbalance that exists that this will help resolve?