[flagged]
Is it so bad if different countries can have different values?
Employers use your personal data to figure out the lowest salary you'll accept
31–40 of 321 posts
Re: Employers use your personal data to figure out the lowest salary you'll accept
#32Earlier quoted context omitted.
[flagged]
Just imagine what would happen if income taxes for employees were reduced to zero. If you think employees would have that much more money you don't think straight. Employers don't pay workers as much as they can. They pay them as little as they can and that mostly doesn't change with the tax rate. That's all you need to know to understand the actual mechanics in presence of misleading labels. Nominally income tax (of…
[deleted]
Re: Employers use your personal data to figure out the lowest salary you'll accept
#33Earlier quoted context omitted.
[flagged]
Social 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.
Ah yes, the social mobility in countries, where moving up does little to nothing to your income and in some cases just robs you of benefits of being poor.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#34I'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…
> 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.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#35Re: Employers use your personal data to figure out the lowest salary you'll accept
#36[dead]
Re: Employers use your personal data to figure out the lowest salary you'll accept
#37Re: Employers use your personal data to figure out the lowest salary you'll accept
#38Re: Employers use your personal data to figure out the lowest salary you'll accept
#39Earlier quoted context omitted.
[flagged]
Just imagine what would happen if income taxes for employees were reduced to zero. If you think employees would have that much more money you don't think straight. Employers don't pay workers as much as they can. They pay them as little as they can and that mostly doesn't change with the tax rate. That's all you need to know to understand the actual mechanics in presence of misleading labels. Nominally income tax (of…
No, that's not what the evidence shows, eg: https://www.sciencedirect.com/science/article/abs/pii/S00472...
> Gruber is able to identify incidence on gross earnings as well as on employment by exploiting variation in payroll tax changes between firms. The benefit of the payroll tax cut is found to have been fully shifted to workers through higher earnings, with no significant employment effects. With similar objectives, Anderson and Meyer, 1997, Anderson and Meyer, 1998 use US firm-level micro data to measure the effects of changes in an experience rated Unemployment Insurance system. Payment variation between firms, due to the number of workers laid off subsequently claiming UI benefits, allows identification of the incidence of the tax on earnings. At the four-digit industry level, Anderson and Meyer find full shifting of the burden of higher payroll tax from employers to workers in the form of lower earnings. They report insignificant employment effects. We find strong evidence of partial shifting of the burden of income tax from worker to employer. Although income tax is incident on equilibrium wages, the tax burden is not fully shifted.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#40One (more) thing to opt out of: Freeze Your Data - The Work Number 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
I 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.
How does that work with multiple credit agencies?