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The point is that there is an information imbalance, which enables one side to have more power in negotiating. Sure I can say "give me more money" but if the em
by mym1990 3y ago
The point is that there is an information imbalance, which enables one side to have more power in negotiating. Sure I can say "give me more money" but if the employer presumes I have little information on my co-workers, they can just say no. But if I call the bluff and say, I want more money because I know a co-worker makes X, it is harder to say no for the employer, although obviously not impossible.
- pizzafeelsright 3y agoThe employer doesn't know how much you'll work, if you'll quit early or give up or make mistakes or not bother to show up. Information is missing on both sides. Contracts are open with all Information available. To that route if you're wanting to make more than the W2
- ethbr1 3y ago> The employer doesn't know how much you'll work, if you'll quit early or give up or make mistakes or not bother to show up. Knowing salary is also useful for existing employees, and in that case (in the US) the employer likely does know all of those things.
- mym1990 3y agoThis is true to an extent...but most people with a job are not looking to get fired while most employers are looking to cut costs, and from my experience most employers are just fine to spend 3 months looking for a replacement, only to pay them more(this is bewildering to me). In my opinion this kind of 'war of attrition' hurts both sides and is a sub-optimal option.