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Exactly. If companies don't adjust existing salaries to reflect that, then they are basically telling their employees to quit because the best way to get a "rai
by cpeterso 11y ago
Exactly. If companies don't adjust existing salaries to reflect that, then they are basically telling their employees to quit because the best way to get a "raise" is to switch companies.
- mrow84 11y agoBut of course they won't, because salary information isn't available, so it is difficult for employees to make these decisions. In other words, companies can systematically distort the free market in labour by withholding information about the true salaries it offers from its employees.
- vacri 11y agoThe door doesn't swing both ways though - people don't get a salary cut when supply later exceeds demand. If you wanted a salary system that did respond to job market fluctuations, you'd have to open up to the possibility of getting cut pay.
- ctvo 11y agoGetting fired has always existed as a correction mechanism for companies. If your performance:pay ratio is off and the supply of developers is high, there's nothing stopping them from letting you go.
- vacri 11y ago> there's nothing stopping them from letting you go. Not everywhere allows employers to just fire-and-replace an employee on a whim.
- jsprogrammer 11y agoRisk of doing business in those locations.