No. With full public information, bad employees benefit from being able to ask for more, good employees just flee elsewhere. Because it’s impossible to reason someone on their skills.
Full information is hell on Earth.
Full information is hell on Earth.
If all info was freely available knowledge brokers would have immense power.
What does this mean? Why does natural even matter? Humans changed a lot of things that are “natural” to better their lives.
>It benefits job seekers too because your prospective employer does not know everything about them.
Temporarily embarassed billionaires. Aka you like to think you are the 1% who can out negotiate an employer because you are so in demand. 99% of people will be at a disadvantage no matter what.
Also, https://theworknumber.com/
> If all info was freely available knowledge brokers would have immense power.
What is the purpose of a “knowledge” broker, if the thing they are brokering is already available to everyone?
A few years ago my state made it illegal to ask for that information, and can now only ask our salary expectations. It’s now tethered around what you want to make.
This led to a HUGE increase in my comp.
The employer wanted you to think that, but it was actually tethered around your other job offers and your willingness to say no.
If you have access to information for what other employers are paying, and are potential other options for your employment, the employer will know you know this.
More importantly, you will not have to waste your valuable time figuring out what other employers are paying, so you have to do less work to figure out the market.
The employer most likely already knows the market, that is part of their daily duties, and know that applicants have to do a lot of work to figure out the market. Hence trying to use people’s previous pay to lowball them, since they know that people only know that.
Right now, labor buyers can buy the same exact information, and as a result, labor sellers are being exploited.