4 ms·
A study where the "zero year" just happens to be the first year of the Great Recession... This study is a great example of p-hacking and a very poor example th
by gamblor956 3y ago
A study where the "zero year" just happens to be the first year of the Great Recession...
This study is a great example of p-hacking and a very poor example that wage transparency affects average pay.
For a counter-example: wage transparency has resulted in runaway salary inflation in athletics, entertainment, tech, and executive salaries.
- yMMe2WYE_D 3y agoI am not sure about other examples, but isn't it just "winner takes it all market" in case of professional athletes? Fans want to see their favorite player and that brings in money. Meanwhile everyone else will be paid peanuts.
- gamblor956 3y agoNo, thanks to union bargaining the other players make at least millions in all of the major professional leagues. This is in large part due to players being transparent with each other about how much they were getting paid, which led to the formation of the players' unions several decades ago, and to the subsequent stratospheric rise in player salaries. The point is that wage transparency enriches all of the players, not just the good ones.