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Employers use your personal data to figure out the lowest salary you'll accept
- anonymars 7mo agoOne (more) thing to opt out of: Freeze Your Data - The Work Number https://employees.theworknumber.com/employee-data-freeze https://employees.theworknumber.com/employee-data-freeze As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others * Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach https://en.wikipedia.org/wiki/2017_Equifax_data_breach
- laweijfmvo 7mo agoI hate that I have to opt out of this stuff that I never signed up for and never would have. I filed the request to freeze, and see that it will require me uploading many more pieces of data to prove identity and address. Disgusting.
- EarthAmbassador 7mo agoIf the credit bureaus don't have a complete profile when you start, they will after provide the missing pieces.
- falcor84 6mo agoI really wouldn't be surprised if that is indeed the goal defined for that workflow's design.
- lateforwork 7mo agoNo they sell it directly: https://theworknumber.com/solutions/industries/pre-employment-verification https://theworknumber.com/solutions/industries/pre-employmen... The Work Number is in fact Equifax.
- xvxvx 7mo agoI worked for Equifax many moons ago. They had a problem with people taking jobs there that no one else wanted, solely to gain access to their systems and reset their own credit scores. And, for some reason, they couldn’t roll it back once found out. Great company.
- EarthAmbassador 7mo ago[dead]
- justaboutanyone 7mo agoHow does that work with multiple credit agencies?
- Gud 7mo agoLife hacks for the 21st century
- OptionOfT 7mo agoI'm filling out the form there. I genuinely don't know why I would ever generate a salary key so I can let someone know how much money I made. Also, to prevent them from sharing the information, you need to give them even more information. Disgusting that this is allowed.
- hdgvhicv 6mo agoAmerican Express just canceled my wife’s card after 15 years because she didn’t fill in her salary data.
- Terr_ 6mo agoHmmm, so if it's a low value and they leak it to employers, that could screw you in compensation for a future job... And if it's a high value, the credit card company might argue you were lying to them for a higher credit limit.
- sokoloff 6mo ago> I genuinely don't know why I would ever generate a salary key so I can let someone know how much money I made. I value my financial privacy as well, but when I go to someone to ask to borrow a million dollars to buy a house, it seems reasonable that I’m going to have to give them some information pertinent to assuring them I’m likely to and capable of paying them back.
- OptionOfT 6mo agoWell, then how did I get a mortgage with the whole thing being empty? W2s are perfectly fine.
- putlake 7mo agoThank you for the link. I tried to opt out. They sent me this email: Equifax Workforce Solutions (provider of The Work Number) has received your employee request communication, but additional information described below is required to fulfill this request. We will be following up with a secure email to obtain the below requested documents: Proof of Identity: Provide a copy of one of the following (must include current/legal name): - Driver's License (must be current) - Paystubs (must be dated within 60 days) - State or Government Identification Card (must be current) - Social Security Card - Military Identification Card - Passport (must be issued from U.S.A. and be current) - W-2 or 1099 Form (most current year) - Birth Certificate Proof of Address: If you are requesting an Employment Data Report (EDR) or selected ‘Mail’ as your preferred method of contact,provide a copy of one of the following (must include current mailing address and be issued within the past 60 days) - Driver's License (must be current) - Paystub - W-2 or 1099 Form (most current year) - Utility Bill (phone, water, gas, electric, trash or sewer, etc.) - Housing Rental Agreement or Mortgage document - your name must be listed on the document For Identity Theft Block Requests, along with Proof of Identity and Proof of Address (if applicable), please provide your identity theft report and designation of items to be blocked: - Identity Theft Report (police report, FTC Identity Theft Report, Police report, or United States Postal Inspection Service) For Human Trafficking Victim Block Requests ONLY, along with Proof of Identity and Proof of Address (if applicable), please provide victim determination documentation (as described below), and designation of items to be blocked. Victim Determination Documentation: Provide a copy of one of the following victim determination documentation confirming that you were a victim of human trafficking, such as: - Determinations made by federal, state, tribal, or local governments, government agencies, or law enforcement - Determinations by non-governmental entities or task forces authorized by a governmental agency to make such a determination - Self-attestation signed or certified by such governmental agency or non-governmental entity - Determination by court in a case where a central issue is whether you are a victim of human trafficking. (Court documents can be made up of several documents from the court case that together show that the court accepted as true or finding no genuine dispute that you were a victim of human trafficking.) We will be following up with a secure email to obtain the requested documents. Data Investigation Team Equifax Workforce Solutions
- saghm 7mo ago
- bjt12345 7mo agoThe thing about this is that there still exist clauses in employment contracts requiring pay secrecy by employees. So, theoretically some employees have a requirement upon them to fill this in.
- YokoZar 7mo agoThose requirements are all facially illegal and unenforceable though. In the US you have federally protected labor rights that you cannot contract out of. The right to discuss pay and working conditions with other workers and the public is one of them.
- b112 6mo agoYes, imagine being in breach of contract if you apply for a mortgage, and they ask "What do you do" and "How much do you make a year" and "Can we see a pay stub (or income tax info)". Such clauses are inane beyond the legality of it.
- lazide 6mo agoGuess what agency has been gutted and attacked recently? EEOC recently….
- joquarky 6mo agoYeah, and have you seen what lawyers want for a retainer these days? You have to be rich to defend your rights now.
- avaer 7mo agoI love that it's a freeze not a purge. And that it's opt-out to have surreptitiously collected data being used against your livelihood. The data breach should have been reason enough to ban Equifax and force them to destroy their data. But that can only be done when the government works for the people, instead of money.
- oyebenny 7mo ago[flagged]
- delusional 6mo agoAs a European, it is wild to see a private company warning that disallowing them the ability to process your personal data might hinder your ability to access social services.
- Glawen 6mo agoHave a look at german Schufa company. I was there pre RGPD, so maybe things have changed.
- izacus 6mo agoThere's a small law called GDPR which makes this kind of pulls very illegal. Even for Schufa which doesn't forward your direct data.
- kpcyrd 6mo agoThis is "only" used for loans and renting, the German government is never going to query the score this company has assigned you. Social services are never impacted. Equifax on the other hand claims: > Social Services - When government agencies can't verify your information, you may have to wait longer to start receiving benefits.
- wat10000 6mo agoThe German government probably actually knows who all of its citizens are.
- dranudin 6mo agoI very much hate Schufa for the way they calculate your score (which until very recently was not even disclosed). But hey, at least they don't sell my income data to random private companies. In fact they do not have my income. Just credit related stuff. I demand an overview from them every 3 months that they have to physically mail to me, just to annoy them..
- carlosjobim 6mo agoAs a European, your complete tax records might be public information, and the tax authority itself will have a service number which anybody can call to get information on your income and much more.
- exabrial 6mo ago> Job Applications > Employers may delay making a job offer if they cannot verify your data on The Work Number. If by doing this, can employers legally discriminate against you?
- hailvectron 6mo agoThe "best" part of the "The Work Number" is your employer can opt you in without any notification. The last time I worked for someone else's company, I specifically asked before I started if they shared my salary info with any credit agencies. The HR rep: "No we do not!" Guess what? They, or likely their payroll provider (ADP?) did. I am now a partner in a consultancy. Despite my prior comments, we have still not yet gotten off Gusto. Pasted from a July 2024 e-mail Gusto sent me: We are making updates to our Payroll Terms of Service to address relevant laws and regulations and include information about new products and features, including our new employment and income verification feature. The updated terms will go into effect for current customers on July 31, 2024. You can review the full updated terms here. The new employment and income verification feature When your employees apply for loans, credit cards, or public aid they may be required to provide proof of employment and income and, as the employer, you often need to manually provide verifications during the approval process. With this update, you can save time and help your employees get faster access by automating employment and income verifications through our new partnership with The Work Number®. No action is needed from you. This benefit is included in your current Gusto payroll subscription and there are no additional fees. As the employer, you can choose to turn off this new feature in the Settings tab at any time. The feature will be available on July 31, 2024. Learn more > Thank you for choosing Gusto! So my team, none of whom were ever explicitly asked for their consent to share their salary info, were about to have Gusto helpfully share it for them. Thanks Gusto! I (angrily) opted my company out, but I'm probably the only partner in the company who would have gone out of their way to do that.
- roenxi 7mo agoI'm not seeing how this matters, they were already doing that - the market is a big auction to work out the overlap between lowest salary employees will work for and the highest salary employers will offer. In that process employees also use data to figure out the highest salary that will be offered. The thing forcing employers to pay the salary they do is that if they offer less someone else will gazump them for the employee's time. It has nothing to do with the circumstances of the employees lifestyle. The lifestyle adjusts to the salary.
- nothercastle 7mo agoThis allows all sorts of normally illegal discrimination via ai pass through. Never hire pregnant women, sick people or employees over 30 again. Target for race and religion whatever you want. Basically everything that’s scary about chinas social credit score except private run with zero accountability.
- darth_avocado 7mo ago> the overlap between lowest salary employees will work for and the highest salary employers will offer There is still an element of unknown because both parties do not know each others numbers, which allows employees to still negotiate. You are now talking about information asymmetry where the party with the information will now have all the bargaining power. When I went from working a $150K job to getting offers from Meta at $300K, the initial number they offered was $250K, and we worked upwards. I absolutely would’ve taken the job even if they offered $200K and not negotiated. But they did, based on information asymmetry. Now imagine a world where meta knows exactly how much I make and all the other information about me. I’d probably get a minor bump over my previous salary. Edit: I ended up taking a different offer. I don’t work for and have never worked for Meta.
- roenxi 7mo agoYou might want to rethink your example if the counterparty offers you 50% more than you wanted then you reject the deal; it makes adding the framing a bit pointless because it is clear you weren't ever going to accept the job for $200k. And you're underestimating how much of an impact the broader market is having on Meta's thinking in this scenario. If your silver tongue or secret number was a factor here then everyone would end up being overpaid because they wouldn't reveal that they were happy to work for a reasonable amount. It doesn't matter how much or little Meta knows, they're only going to offer $300k if they have a reasonable belief that you can find a job for $300k somewhere else; informed by a pretty detailed analysis of the employment market. And in fact that appears to be exactly what happened in your story. Nothing about that dynamic has anything to do with your salary history or spending habits and them getting better information on those things doesn't change your negotiating position. Since a key factor is the future, even if they know you'd say yes to $200k, they'd still be best served offering you more money. I've had that happen to me 2 or 3 times because I'm a sloppy negotiator and don't try very hard to optimise salary.
- 3yr-i-frew-up 7mo ago[dead]
- nout 7mo agoAnd our AIs can give us insight into what is the highest salary that the given company can offer.
- UtopiaPunk 7mo ago"Our AIs"? The AI models belong to giant corporations (Google, Microsoft) or are receiving millions of dollars serving giant corporations. How are they yours? A better solution is passing laws on wage transparency. For most jobs, the company has a range in mind. Make them post that range in the job offer itself. Short of robust labor unions bargaining for better wages, transparency in the job posting is the next best thing.
- canpan 7mo agoI wonder if the winning game becomes your own boss and tiny companies. I want to do the jump, but lack of courage, good ideas, sales skills and a very good salary still holding me back (open for suggestions). But if the very good salary would go away, the scales tip instantly.
- deleted 7mo ago[deleted]
- junofan 7mo agoWait til you find out what customers do to figure out the lowest. There’s a little more accountability.
- jimbokun 7mo agoWhat you describe is the reason the web site you posted it on exists.
- tombert 7mo agoI've considered it myself; I don't want to make a business doing contract work again, because I did not enjoy that. If I were to start my own business it would have to be a product. I have plenty of interesting projects that I work on in my free time, but I'm not sure any of them are monetizable, or at least not monetizable enough for a venture capitalist to throw money at me (especially since most of them do not involve AI). I could probably think of something that could be monetizable if I really tried but if I don't actually enjoy the work I'm doing on the side for fun then I'm probably not going to do a particularly good job on it. Though even if I did have some brilliant project that I could sell, I have no idea how to go about finding VC investors. And even if I knew how to find these investors, I think I would ultimately be too afraid to actually commit to it. Increasingly it's seeming that I will probably not be worth billions of dollars in my lifetime, for no other reasons than I'm too much of a coward and I'm too discriminating with what I actually work on. Sometimes it depresses me to think about it, but hard to feel too sad for myself when I still have a high salary job that involves me staring at a computer screen all day.
- 7mo ago
- WalterBright 7mo agoWhen I apply for a job, I use data to figure out the highest salary the company will accept.
- WalterBright 7mo agoThe internet has information on what salaries a company pays. One would be foolish to not look it up before negotiating compensation.
- JCTheDenthog 7mo agoDefinitely not for all companies let alone all positions.
- WalterBright 7mo agoYou can get it from similarly positioned positions. For a simple example, you can google average starting salaries for your major. You can submit your resume to AI and ask it what your salary should be. You can go to a recruiter, who makes money by getting you as high a salary as possible (and they do know their business and their clients). I've been on both sides of the negotiating table. The idea that the employer dictates terms is not reality.
- tombert 7mo agoWhen I've applied for jobs and done salary negotiations, I try pretty hard to find out the max I can get using as many variables that I think are relevant (e.g. years of experience, previous companies I've worked for, projects I've contributed to, etc). No one is writing an article trying to expose me for this. I think the concern is how invasive they can be when doing this. It's one thing to quickly search your name on Google or something, but they can do creepier stuff. They can look at many, many more variables that I can, and it's a little creepy. It seems a little wrong to use peoples' credit scores in order to squeeze down a lower salary. I don't think there's anything even remotely comparable that a prospective employee can do.
- 7mo ago
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- RobRivera 7mo ago>Ameribrains. If you want someone to read everything you have to write, abstain from triteness like namecalling.
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- conception 7mo agoSocial mobility in the USA is actually pretty abysmal compared to Social Democratic countries. It ranks at like 25ish worldwide. Generally if you are born to poverty in the US, you stay there.
- scotty79 7mo agoPeople tend to think that income taxes lower your salary. While in practice employers know exactly for how little money (in hand) you are willing to work and in absence of income taxes would just pay this much less so that your money in hand is the same. As an employee you should fight for income taxes to be as high as possible since they are neutral for you and might fund useful things for all. When left in the pocket of your employer they just become their takeaway. Employers won't spend it on improving the company if they don't have to. And the only things that force them to spend money in a predictable manner is regulation and markey opportunity to earn more. When they have those needs they mostly do it with credit anyways. Conversely as an employer you should advocate for lowest income taxes possible for your workers.
- rahimnathwani 7mo agoYou're suggesting that 100% of the income tax burden is shifted from employees to employers. The incidence of taxation (which party bears the burden of the tax, irrespective of who 'pays' it) is widely studied. As it relates to payroll taxes (paid by the employer) and income taxes (paid by the employee) most research finds that employees bear most (but not all) of the burden. This is the opposite of your claim.
- scotty79 7mo agoIt's not shifted. It's just there. It was never on the employees. Employees don't have their own money to tax. Employees money is employers money. That's its source. Employees get taxed when they spend money by being consumers. Sales taxes and VAT are their tax burden. But income taxes of the employees are the burden of the employer. It's employer who has to fork that money because otherwise he wouldn't be able to pay enough so that the employee agrees to work.
- verteu 7mo agoThe poster is referring to https://en.wikipedia.org/wiki/Tax_incidence https://en.wikipedia.org/wiki/Tax_incidence
- MarcelinoGMX3C 7mo ago[dead]
- OutOfHere 7mo agoIt is not up to employer to tell me what to accept. If they lowball me, odds are high that I will just not accept it, or if I do, I will be sure to leave them as soon as I get a more reasonable offer, preferably in the middle of a project with no notice beyond what any prior agreement calls for. I will treat them the way they treat me.
- mememememememo 7mo agoNeeds to be made really illegal so they are scared of multi million law suits and whistleblowers.
- dfordp11 7mo ago[dead]
- alebaffa 7mo agoHere in Japan they ask you your current salary (it's even mandatory by most companies), so it's easier here :) ... :(
- coolandsmartrr 7mo agoThat’s why you have to get competing offers
- weregiraffe 7mo agoAnd if you lie?
- onion2k 7mo agoIt works the same way here in the UK. Some companies ask your previous salary, and sometimes check your references, and sometimes your previous employer will disclose what your salary was. If it turns out you lied nothing bad happens, but you've just given your new employer a reason to dismiss you. The main problem with the UK system is that it means that if you were underpaid before you're likely to continue to be underpaid in your next role (if you accept a low salary again). For that reason when I'm hiring I've stopped asking for someone's previous salary, and just ask them what they want instead. If it's in the right ballpark everyone's happy. If they lowball themselves I ask why and usually get "That's x% more than I'm on now.", which leads to a conversation about how they're underpaid and should be asking for more. If they ask for too much then I just don't hire them because I can't afford them. There's a new law coming in where companies have to disclose salary bands now, which at least means people will understand the bottom end. That's going to make the salary negotiation part of hiring a lot easier.
- xyst 7mo agojust create your own company, report you pay yourself the equivalent of $676,942.00 to this credit agency. Then watch your numbers go up
- p1esk 7mo agoYou might have to pay tax on that
- quesera 6mo agoCredit agencies do not report income to the IRS, so there's no tax relevance. Credit agencies are not party to your obligations to the IRS at all. You can lie to credit agencies all day long if you like. However, if you do so for the purpose of some kind of benefit, financial or otherwise, it's clearly fraud. It's hard to remember that that's still illegal these days -- but it is, for you and for me, at least.
- stuckkeys 6mo agoIs it Fraud though? Think about it...sounds to me like data obfuscation. There are no laws that enforce the truth if there is no financial damage. So the previous comment stands.
- quesera 6mo agoI think you're wrong, but I'm not a lawyer and I don't operate on the fringes of fraudulent behaviour, so I might be miscalibrated. But my premise is that there is benefit derived from the lie, either financial or otherwise. I believe this is clearly fraud and risks civil penalties if pursued by the party who used the information to extend the benefit. An interesting case is if you lie about previous salary to a prospective employer who does not have the ability to confirm the data. In that context, with no formal pre-employment agreements or contracts, the lie is probably just negotiation strategy with no civil liabilities. I repeat that I am not a lawyer. :)
- 01HNNWZ0MV43FF 7mo agoHere's a freebie: - $30k for anything that helps my community / humanity - $100k for anything harmless that I just don't give a damn about - 3 million per month after tax to work on weapons of war
- Snild 7mo agoWhat a hassle! Here in Sweden, your tax filings are public information; companies can just ask the government what you made last year. I have no idea if they actually do, though, and the data will be somewhat obfuscated if you have extra income on the side.
- anal_reactor 7mo agoI earn like €100k per year. Not a huge salary, but definitely above average. My family lives in Eastern Europe. Once I was hanging out with my cousin and his friends, all of these people had minimum-wage jobs. Not really my type of social circle, but I have no issues being cool for an evening. Then suddenly my cousin drinks one too many and starts blabbering about how "fucking rich" I am and all eyes turn to me because guess what the whole group smelled an opportunity. Never spent time with them again. I assume such situations occur often in Sweden where it's really awkward if you want to hang out with a crowd from lower social class because they know your earnings.
- vkou 7mo ago> I assume such situations occur often in Sweden where it's really awkward if you want to hang out with a crowd from lower social class because they know your earnings. You don't have to be in Sweden to have a pretty good idea within a few minutes of talking to someone, of what the ballpark for their earnings is. Your social class is written all over your face, your clothes, your manners, your manner of speaking, the company you keep, the hobbies you have, where and how you spend your time...
- miek 7mo agoI am technically in the upper class based on income and place of residence. I drive an 11 year old vehicle, wear inexpensive clothes (often plain tees), eat out infrequently, etc. I unintentionally spend more in areas that tend not to be obvious to non-friends. I'd be upset if people could easily lookup my income.
- 6mo ago
- rmnclmnt 7mo ago> … said the company “does not use algorithmic wage-setting tools to make compensation decisions for our employees or to set new-hire salaries.” When the HR/CRM/ERP/whatever internal software has the plan to compute these metrics and they display it as metadata next to the people’s names, it’s hard not to curious « just to check ». Maybe it’s not in the company policy but you can never be sure of individuals actions (especially big corps as mentioned in the article)
- weakened_malloc 7mo agoWhat I find funny about this is that stories have been floating around for *years* about HFT/quant firms specifically hiring quants to work out what the lowest they can pay people in the firm is, and still keep them.
- nightrate_ai 6mo ago[dead]
- impish9208 6mo agoThere was a story recently about how large landlords use salary data to raise rents. If they see you got a raise, they’ll increase your rent accordingly. And pretty soon, retailers will do the same. Your personalized price for a gallon of milk at Walmart will reflect your annual raise. I love living in the future!
- like_any_other 6mo ago"I have nothing to hide"
- tsoukase 6mo agoAt the moment, I think the data that we protect ourselves are useless and those that are public are precious.
- Noumenon72 6mo agoPresumably this also means if you don't get a raise, they don't raise your rent as much, knowing it would make you more likely to move. They no longer have to guess about your ability to pay.
- CuriouslyC 6mo agoI foresee people shopping in masks, with phone off, using cash as a protest, and poor people being black market designated shoppers.
- futureproofd 6mo agoLarge institutional landlords use Equifax data, TWN, and other 3rd party financial tracking systems to dynamically price renters across the board; new rentals, security deposit, renewals, etc. These are pricing strategies insurance companies use to their advantage, often partnering with landlords to ensure they're getting risk-reduced renters.
- cbHXBY1D 6mo agoHow does this interact with RealPage and other algorithmic price fixing software?
- alexpotato 6mo agoMany years ago, back when companies could ask for your previous compensation [0], a hiring manager once said to me "don't ever lie about your past compensation". I wasn't sure how they could figure this out at the time until someone later pointed out that many corporations do a credit history check on you as part of the background check. This gives them access to past compensation. The information asymmetry here is, as with much of hiring, pretty bonkers when they had both the current and past comp history during negotiations when you have just yours. You might also have the comp history of your friends too (if you share) but that's still tiny compared to the corporations. 0 - this was in NYC where it's now no longer allowed.
- fred_is_fred 6mo agoI don’t recall ever seeing a salary in my credit report. Certainly when applying for credit cards you are asked but generally they have you include all sources of income including bonus, passive income, and alimony. There are data sources for this info but I don’t think it’s technically a credit report.
- wombat-man 6mo agoExperian does collect and sell income data about people, in fact i think they pay companies directly for this information. This is helpful for salary negotiations. It’s not in a normal credit report though, true.
- bitexploder 6mo agoLoan applications. Credit cards. They all ask for your income. I always put 1,000,000. Never been denied a loan.
- PenguinCoder 6mo agoMortgage loans and car loans in America also ask for your W-2 or proof of that said income. Can't prove it, they won't let you use your claimed income as basis for loan approvals.
- pickleglitch 6mo agoBetween this and algorithmic pricing, I envision a future where every penny of your finances is know to both employers and retailers, and together they ensure that you only ever have as much purchasing power as the "free market" decides you should have.
- jfil 6mo agoOooh, and if both the employer and the retailer is the same entity, then you have Company Scrip! Truly, between this and feudalism, our ancestors have already figured out everything that's going to happen to us in this century.
- 1970-01-01 6mo agoReactive, defensive positions just aren't going to do it. Go ahead and find ways to poison their data at this point.
- cyanydeez 6mo agoIf your HR software is the same that does payroll and does hiring for your company and many others, it's almost garunteed a flag goes up when you apply to another job with a different company. https://www.workday.com/en-us/products/payroll/overview.html https://www.workday.com/en-us/products/payroll/overview.html I would not trust applying for any company with workday.
- mrbluecoat 6mo agoAlso: "Potential employees of employers use public data to figure out the highest salary they'll offer"
- alsetmusic 6mo ago> Also: "Potential employees of employers use public data to figure out the highest salary they'll offer" What sort of both-sides nonsense is this? The power imbalance is the reason this is noteworthy. They aren't the same.
- xyzelement 6mo agoI think we are done with the "power imbalance" lens on everything. What I want in comp is a mixture of what I know you can pay and what I can get elsewhere. What you want to pay is a mixture of what you think I'll be ok with and what you can get someone "just as good" for. It takes two to tango.
- gsibble 6mo agoWhy don't companies realize the more you pay a highly skilled worker, the more you get out of them? Tech companies seem to get it but so few others do, including startups. I usually have 1/3rd the staff I'd normally need but I hire top tier people at 2x what most startups pay. In the end I save money.
- ozgrakkurt 6mo agoThis is a very complex problem as far as I can understand. You will be in trouble if that person left their last job because they were unhappy about pay or if the value you are giving is lower than some other company is willing to pay. They will leave pretty soon in both cases. Or even worse, they might be in a hurry to find a job for some reason, then they will accept but see the job as temporary. Would be interesting to know how this actually effects job market. As far as I know there are websites for employees to declare how much their employers are paying them. Also would be interesting to know how that actually effects job market. I didn't see this before but would be cool to have a website to see how much money people around me are paying for rent too.
- Archonical 6mo agoSeeing what your neighbors are paying for rent is an amazing idea. I know there's quite a disparity in buildings. I imagine landlords will be squeezed from both sides this way - they wouldn't want the website to show how well a given tenant negotiated, so they may negotiate harder.
- elzbardico 6mo agoThe ones who will be squeezed won't be the landlords, but the renters. It is like salary transparency, that misteriously enough never led to low paying folks being better compensated, but by flattening out compensation for everyone who is not upper management by the lowest common.
- noisy_boy 6mo agoYou can see public housing data in some countries. E.g. the housing development board in Singapore allows you to see rental data down to the physical building you stay in.
- QuantumSeed 6mo agoBoth Amex and Chase regularly ask me to confirm my income. I wonder why they do that if the data is already available to them via Equifax.
- onelesd 6mo agodata can also be treated as signal. for example, if they know you are claiming a different income than is verifiable it signals something - good, bad, or indifferent - that they will use in algorithms.
- NoSalt 6mo agoThis is absolutely despicable!
- No1 6mo agoOne of the often-overlooked terms of use that people ignore when accessing a payroll processing / human resources website is that the company providing those services can "share" your data with "trusted partners" which essentially allows them to move your income and other personal information to other entities which, in turn, sell that information to anyone who is willing to pay. It's one of the more abusive uses of click-through agreements - in order to get paid, you have to login and setup your payroll information, and in order to login, you have to click through and agree to these terms, and there is no way to opt out during or after the process.
- boombapoom 6mo agoif only requiring employers to post the salary for a job could fix this
- cat-turner 6mo agoYou can tell them your past compensation, and if they dig in and you signed an agreement, tell them it included bonuses. Don't tell how much of your salary was compensation vs bonus.
- commandlinefan 6mo agovs stock grants.
- myroon5 6mo agoAnd claim large bonuses were handed over as cash? Because payroll software like ADP sells employees' compensation data
- kats 6mo agoBilt sends your rent payments to Equifax. Equifax used to sell that data through The Work Number.
- anshumankmr 6mo agoThey absolutely do, but it also works to keep your cards close to your chest as much as possible.
- derelicta 6mo agoGuys, just saying but there is a solution to this issue: scientific socialism.