Comment by numlocked
5 months ago
I believe wage-fixing would require companies to agree to…fix wages. Having knowledge of average compensation is not inherently problematic. Firms are still able to decide to pay more or less than the prevailing wage.
RealPage also gave recommendations. Giving a salary range seems like the same thing.
By this logic, employees who share their salary publicly also contribute to wage fixing.
If it’s public there is no information asymmetry. There is no fixing.
1 reply →
"I believe wage-fixing would require companies to agree to…fix wages"
They don't need to officially twirl their mustaches and laugh evilly while telling each other how they're definitely fixing wages. They just need to share data on wages with other companies in the same or a similar business with the intent of decreasing wages. That is already illegal, because they're colluding with competitors to keep wages low.
The whole point of getting such data is to ... fix wages.
Do you actually believe they will be doing this?