Re:What harm do minimum wages do?
by aeternum on Wednesday August 19, 2020 @05:09PM
(#24216537)
I believe you could make the labor market much more competitive with one simple and easy to implement change:
Make it a requirement that companies publish salaries.
We did this with CEO pay and it resulted in huge increases in CEO pay because it removed the information asymmetry. We make companies disclose important safety and nutrition information to the public so consumers can make good decisions about purchases, why not enable people to make good decisions about employers as well?
Make it a requirement that companies publish salaries.
We did this with CEO pay and it resulted in huge increases in CEO pay because it removed the information asymmetry. We make companies disclose important safety and nutrition information to the public so consumers can make good decisions about purchases, why not enable people to make good decisions about employers as well?