Β #SalaryTransparency #LaborMarket #SkillsShortages
Hey everyone! π Let’s talk about the lack of transparency when it comes to salaries and how it might be affecting the labor market. πΌπ°
– Price signals are crucial forces in the economy, but when it comes to salaries, things get a bit murky.
– People are usually pretty secretive about how much they make, making it tough for others to gauge potential earnings in different fields.
– This lack of transparency could be particularly challenging for those just starting out in their careers, like high school graduates.
Do you think the secrecy around salaries plays a role in the skills shortages and surpluses we see in the labor market? π€ Are there any studies out there that shed light on this issue?
One possible solution could be increasing transparency around salaries, allowing job seekers to make more informed decisions about their careers. What do you think? π‘ Let’s discuss!