this post was submitted on 30 Oct 2023
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Work Reform

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.