3 ms·

This significantly disadvantages good money. Good money being: any company that tries to do things properly (or, relatively properly). Bad money being: profit

This significantly disadvantages good money. Good money being: any company that tries to do things properly (or, relatively properly). Bad money being: profit, profit, profit. Take risks and misreport. Don’t put anything in writing. Pay bonuses under the table. Etc etc etc. Not only does the good money need to spend a lot more money to comply, they also wind up wasting a lot of money on “fake” compliance or “over-“ compliance. For example, insurance companies often find ways to make companies insure the same risk multiple times. Or consultants over-analyse and say “This whole thing is a risk for your company. It needs to be fixed. I can do it for you.” Good money will pay consultants to prepare excruciatingly detailed salary transparency reports, and they’ll live with the cost of their honesty (“you pay women less than men!!!! it doesn’t matter that your state has very few qualified women in that field!!! pay them all the same!!!”). Bad money will do just enough to be compliant, and they’ll fudge the numbers (with sneaky fringe-benefit bonuses to their employees so they don’t care).

velcrovan 3y ago
Nice theory but this hasn’t been borne out in countries where wage transparency is already the law.
tycho-newman 3y ago
Maybe the region would have more women in the field if the companies were transparent about pay and benefits?
refurb 3y ago
As an aside, rent is public information in Singapore, at least for private rental (not for rentals of public housing). Since all tenancies need to pay a stamp tax to be legit contracts, the government lists every contracts rental price on a website. https://www.ura.gov.sg/property-market-information/pmiResidentialRentalSearch https://www.ura.gov.sg/property-market-information/pmiReside... The information is specific to a unit and published monthly (e.g. if 6 units were rented out, there are 6 entries in the database). It’s quite helpful when looking for a place to rent because you can look up the exact building see what people are paying. The data is obscured a bit because units are described as “50 to 70 sq m”, so while you can guess if it’s a 1 bed or 2 bed, you cant tell if it has 1 or 2 bathrooms, what floor it on, whether it comes furnished or not. But you can look at a group of transactions that are similar to the unit you’re looking at and get of what the market rate is.

velcrovan 3y ago

Nice theory but this hasn’t been borne out in countries where wage transparency is already the law.

tycho-newman 3y ago

Maybe the region would have more women in the field if the companies were transparent about pay and benefits?

refurb 3y ago

As an aside, rent is public information in Singapore, at least for private rental (not for rentals of public housing). Since all tenancies need to pay a stamp tax to be legit contracts, the government lists every contracts rental price on a website. https://www.ura.gov.sg/property-market-information/pmiResidentialRentalSearch https://www.ura.gov.sg/property-market-information/pmiReside... The information is specific to a unit and published monthly (e.g. if 6 units were rented out, there are 6 entries in the database). It’s quite helpful when looking for a place to rent because you can look up the exact building see what people are paying. The data is obscured a bit because units are described as “50 to 70 sq m”, so while you can guess if it’s a 1 bed or 2 bed, you cant tell if it has 1 or 2 bathrooms, what floor it on, whether it comes furnished or not. But you can look at a group of transactions that are similar to the unit you’re looking at and get of what the market rate is.