Re:Wage transparency: Everyone’s happy except HR?
by yMMe2WYE_D on Wednesday September 06, 2023 @04:10AM
(#37402500)
I am not sure about other examples, but isn't it just "winner takes it all market" in case of professional athletes? Fans want to see their favorite player and that brings in money. Meanwhile everyone else will be paid peanuts.
Re:Wage transparency: Everyone’s happy except HR?
by gamblor956 on Wednesday September 06, 2023 @03:40PM
(#37410152)
No, thanks to union bargaining the other players make at least millions in all of the major professional leagues. This is in large part due to players being transparent with each other about how much they were getting paid, which led to the formation of the players' unions several decades ago, and to the subsequent stratospheric rise in player salaries.
The point is that wage transparency enriches all of the players, not just the good ones.
This study is a great example of p-hacking and a very poor example that wage transparency affects average pay.
For a counter-example: wage transparency has resulted in runaway salary inflation in athletics, entertainment, tech, and executive salaries.