Should A Person’s Income Be Made Public Knowledge?

August 25, 2011 in Daily Bulletin

Should all employee wages be made public? Daniel Indiviglio at The Atlantic considered some of the issues involved.

  • Salary transparency in some groups but not others might lead to greater income inequality. The rationale is that those that have perfect information about each other’s income compare themselves to each other and expect salaries that are higher than their peers.
  • Pay transparency might also encourage those who make lower than average salaries to go out and search for better jobs.
  • Salary transparency might not always be legal.

To read more about internet solutions to the problem as well as California’s experience with full income disclosure laws click here.

Source: The Atlantic

Via: Marginal Revolution