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Tell HN: Salary data is for sale
701–710 of 805 posts
Re: Tell HN: Salary data is for sale
#702Earlier quoted context omitted.
Credit, bank checking (ChexSystems), and personal information aggregators like Lexis Nexis and Thomson Reuters Clear ought to be abolished or curbed indeed. I hate to bring trans politics into this. I'm sure that's the last thing anybody wants to hear about right now. However we are a class of people whose sexuality can be unfairly identified by these databases.
>I hate to bring trans politics into this. I'm sure that's the last thing anybody wants to hear about right now. You're right. Too bad it didn't stop you from doing it anyway.
You can't attack other users like that here, and we ban accounts that do it, so please don't do it again.
Also: it looks like your account has been using HN primarily for ideological battle. We also ban accounts that do that, regardless of what they're battling for, because it destroys the curious conversation this site is supposed to be for. I'm not going to ban you right now because you've also posted good things, but we need you to be aware of this rule and stop that pattern. More explanation here: https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme....
Re: Tell HN: Salary data is for sale
#703Earlier 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.
I'm going to guess that either you already own your home and your car outright, or that you're renting something somewhere and don't own a car. Or you're wealthy to the point of being able to pay cash or make major purchases without having to save for a while.
In any case, you're already comfortable. You already have what you need. So it's easy to be against the things that would help people slightly less fortunate than you.
Credit is a necessity. For me to save up the money to buy the house I'm in today would literally take me 20 years, because not only would I need to be setting aside $2,000/month, but would also need to still be paying rent at wherever I was. Credit allows me to buy the house NOW and start building equity NOW. Yes, I acknowledge I'll spend a few extra thousand for the privilege, but it's worth it.
Same with a car. If I need a car to get to work, I can't save for 3+ years while paying for Lyft every day if I live too far from work to take a bike or live in a climate where riding a bike is excruciating.
That said, I concede that predatory lending exists. I don't think adjustable rate mortgages should have ever existed. Student loans were a good idea (Provide a way for any qualified person to attend college regardless of current financial status), but ended up with disastrous side effects (Tuition hikes to extract more money, reduced government investment into colleges since students are more able to foot the bill).
I also concede that some people are bad with money. They'll get loans they can't afford and buy everything on credit with no hope of paying it off. They rent things from Rent-A-Center, which is incredibly predatory.
But to argue for the abolishment of credit because some people suck at it is just throwing the baby out with the bathwater. It would absolutely destroy the middle class and kneecap upward mobility of the lower class.
Re: Tell HN: Salary data is for sale
#704A few years ago there was a startup called Paysa. You searched by employer and it showed you the salaries of each job title. My company was small enough that it made it easy to see the salary of many of my employees. We did not initially understand where that data came from. I did not leak it. We put together that each leaked salary was of someone who had recently applied for a mortgage or auto loan. Read the fine pr…
I hope Zero Knowledge proofs become widespread over the next decade to prevent having to give companies your data. With them you'll be able to prove you earn over X amount without actually letting them know what you earn.
While I share the hope for such technologies (and hopefully some form of complete digital personal ID system in the same vein), that would require government mandates, which I think will be unlikely considering we can’t even get major investments for climate change, because the companies collecting this data benefit from it, and almost certainly won’t give it up willingly.
Re: Tell HN: Salary data is for sale
#705I 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…
We had some schmuck HR consultant come in to a startup I was previously working for and their primary job duty was implementing ADP.
Glad to know they chose a product that involuntarily sold out my HR information.
Re: Tell HN: Salary data is for sale
#706Earlier quoted context omitted.
I'm saying that: 1. Sweden is not the same as Denmark/Finland, it's not homogenous at all anymore, in that sense it's very similar to the UK 2. Social trust is still relatively high in Sweden (because of inertia) but it's eroding very quickly with increased heterogeneity and crime. There's nothing racist about pointing this out, it's just a fact. Homogenous societies have much higher trust. I don't think this is raci…
I think I will need some hard data and facts rather than your report. No, none of what I live or hear about in Sweden is anywhere close to Rio, that's my point on racism: you are exaggerating an issue that is not close at all in terms of impact and pervasiveness and using both points to push a racist narrative, that immigrants are causing the downfall of Sweden. Yes, many of your points have some factual basis behind…
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Re: Tell HN: Salary data is for sale
#707A few years ago there was a startup called Paysa. You searched by employer and it showed you the salaries of each job title. My company was small enough that it made it easy to see the salary of many of my employees. We did not initially understand where that data came from. I did not leak it. We put together that each leaked salary was of someone who had recently applied for a mortgage or auto loan. Read the fine pr…
What is the impact of this to me personally?
Re: Tell HN: Salary data is for sale
#708Earlier quoted context omitted.
Shameless plug [1] that hopefully provides value: simplePDF.eu [2] will allow you to fill it in more easily (the fields are already set) [1] It's a side-project of mine [2] https://www.simplepdf.eu/editor?open=https://assets.equifax....
Neat! How do I save in the filled out PDF??
There should be an EDIT and SAVE button on the right side if you’re on a computer and at the top if you’re on mobile.
If you can’t see either, this is most definitely a bug!
Could you try refreshing the page to see if it helps?
Re: Tell HN: Salary data is for sale
#709Earlier quoted context omitted.
Yeah, capitalism is a nightmare.
Capitalism generally happens successfully in societies with laws. The difference with socialism is the state both defines the laws and decides how to allocate resources, which tends to result in a lot of poverty.
Government isn't an outside entity. Government is the people--except in a capitalist country where government is owned by corporations.