Employers are being forced to make salaries public — and that’s good news for your paycheck
Companies have fought to keep employees in the dark about salary levels. But that's changing, thanks to a nationwide wave of "pay transparency" laws.
Hasnain says:
“The measures represent nothing short of a revolution in the way salaries are negotiated, especially in white-collar jobs. Study after study shows that greater transparency narrows pay inequities based on race and gender. That on its own is an outcome worth celebrating. But I think these new laws could end up doing even more. If enough states enact pay transparency, it could forge a new national norm — one in which companies are as upfront about salaries as they are about prices. Think about it: Every business, from tiny boutiques to online giants like Amazon, tell you exactly how much each of their items costs. Why shouldn't it be the same when we're shopping for a job? “
Posted on 2021-09-15T19:48:54+0000