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Tell HN: Salary data is for sale

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Re: Tell HN: Salary data is for sale

#621

Post by dtwest »

piva00 wrote: post #598
drorco wrote: post #450

Earlier quoted context omitted.

I think one should not forget that Denmark's society is mostly homogenous. When you have a vastly dominant, culturally homogenous group, it's relatively easy to trust and support one another. In a highly diverse country like the US, where the average New Yorker or new immigrant will have a completely different culture and world view from the average Joe in Missouri, and that's just two examples out of many, it's very…

I hate hearing this argument. Simply because I'm living proof of the opposite: I'm not a native Swede, I immigrated here, I integrated into society by looking at its values, identifying with most of them and sharing those forward. I became a Swede and it has nothing to do with being born Nordic or into a homogeneous culture. This hand-waving argument on why America is exceptional is really misplaced. America has issu…

You make some fair points about money and mistrust but the parent's argument is not unfair. You mention that you "became a Swede" by adopting Sweden's values. America doesn't have one unified set of values due to being so big. Sweden is smaller than Ohio by population. Ohioans generally share some values, but they are quite different than people in Massachusetts or Mississippi. America is closer to the EU's scale, and the EU has plenty of idealogical differences between member states. Do the Greeks trust that the Germans are looking out for their best interests?

Re: Tell HN: Salary data is for sale

#622

Post by anyfactor »

BeefySwain wrote: post #5

I checked earlier today and yep, my employer is selling my data and future earnings potential to the company that is infamous for poor data security. A confounding factor is that as a hiring manager, and at least for all the hiring decisions I have been involved in, I know we did not use this to check candidates. So what's the upside? EDIT: ADP Workforcenow appears to do this automatically. I'm curious to find out if…

Equifax is the Dow Jones Chemical of the data world. They have a tendency to mess up catastrophically yet they keep surviving by some miracle!

Re: Tell HN: Salary data is for sale

#623

Post by geuis »

I find it interesting that no employer of mine since 2011 has been reporting data to this.

Also the pages in the report are literally sideways, which made trying to read it on my phone nearly impossible.

Re: Tell HN: Salary data is for sale

#624

Post by poodler »

Yep, all my salary from Stanford University and Apple were sent in, including RSUs.

Apple, the poster-child for user privacy. They even listed me as an “Associate,” when I was doing sensor design. Not surprised, given how management treated us.

I wonder if they do it for all reporting levels, like if they’ll send in a manager’s salary as well.

Re: Tell HN: Salary data is for sale

#625

Post by dougmwne »

georgeam wrote: post #617

If I remember correctly, Massachusetts has a law that says that potential employers are not permitted to ask candidates what their previous salary was. The intent of this law is to ensure that people who have been discriminated against in the past will not continue to be discriminated against by new employers who "copy" the treatment of previous employers. (a) Can anyone confirm that I'm remembering this correctly? (…

That’s an excellent question. Several states ban asking for salary history, but this seems like an easy loophole.

Re: Tell HN: Salary data is for sale

#627

Post by InTheArena »

tomnipotent wrote: post #485
ryan_j_naughton wrote: post #461

Earlier quoted context omitted.

The current oligopoly of the big three credit bureaus is a travesty and needs substantial reform. That being said, abolishing the concept of a consumer credit report entirely is a terrible idea. It is a fact that different people simply present different risks to a lender in their likelihood of default. Having actual data about a person's previous repayment history is extremely predictive of their future default prob…

The U.S. financial system worked just fine before credit scores became a thing in 1989.

No post body was provided.

Re: Tell HN: Salary data is for sale

#628

Post by lolinder »

mpmpmpmp wrote: post #568
lolinder wrote: post #137

Note that QuickBooks will now contribute to this data unless an employer explicitly opts out. I had to bring it to my employer's attention when they first rolled it out. Most small businesses that use QuickBooks won't have heard of it and will be contributing salary data by default. https://quickbooks.intuit.com/learn-support/en-us/help-artic...

Straight from your link. "No data is shared unless your employees specifically request it to be shared, usually as part of an application process for loans, credit, or public aid, or in response to a permissible purpose under the Fair Credit Reporting Act (“FCRA”), such as a court order."

I read that the first time as "no data is shared with verifiers", rather than "no data is shared with Equifax", but on a closer reading I believe you're correct: the data stays with QuickBooks until Equifax receives a request and they forward that request to QuickBooks. So they're not shipping data to Equifax en masse.

That somewhat mitigates the concerns of data being lost in another Equifax data breach assuming that Equifax only fulfills requests from verifiers that have received my express consent, and assuming that consent doesn't become mandatory for employment (which is the subject of the larger discussion on this thread).

Re: Tell HN: Salary data is for sale

#629

Post by InTheArena »

matheusmoreira wrote: post #496
ryan_j_naughton wrote: post #461

Earlier quoted context omitted.

The current oligopoly of the big three credit bureaus is a travesty and needs substantial reform. That being said, abolishing the concept of a consumer credit report entirely is a terrible idea. It is a fact that different people simply present different risks to a lender in their likelihood of default. Having actual data about a person's previous repayment history is extremely predictive of their future default prob…

> Used wisely When does that ever happen? Lending and borrowing are always at the root of every economic crisis. National debt of countries are already astronomically large and will only keep growing. Just abolish credit as well. If it means the economy will grow slower, so be it.

Credit is a tool - one that is needed to keep economic systems working correctly. Depressions don't occur when financial systems pull back - Depressions occur when access to financial capital via credit dries up.

That said, as a tool, it is often mis-used (virtually anything that starts with a credit card is in this category).

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