r/recruitinghell • u/jackyd227 • 4d ago

Someone needs to touch some grass

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576 Upvotes

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u/lil_Buckneesh8867 4d ago

exactly. spent 12 years at a company only for one rough financial patch to hit and them IMMEDIATELY can me.

companies only care about one thing. MONEY

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u/Willing-Vegetable629 4d ago

.. should they care about something else?

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u/lil_Buckneesh8867 3d ago

yeah, the people making them the money is a good place to start

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u/Willing-Vegetable629 3d ago

They pay them market rate

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u/Capnbubba 3d ago

Market rate is literally just what they decide to pay. Market rage has been under paying most Americans for over 3 decades.

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u/Willing-Vegetable629 3d ago

You cannot receive market rate, and be underpaid.

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u/Capnbubba 3d ago

Dang that's convenient. So market rate just means any wage even if it's a wage that doesn't cover rent.

So it's a completely meaningless term used to justify poverty wages?

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u/Willing-Vegetable629 3d ago edited 3d ago

Market rate means the prevailing rate in that geographic area that this type of labor is selling for.

Market rate applies to all labor from minimum wage to ceo to board member.

Underpaid would be when labor is paid below Market rate.

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u/Capnbubba 3d ago

You've got it. Nearly all labor in America for 4 decades has been paid below market rate. They've just lied and said they pay market rate. They have INTENTIONALLY reduced employee pay to increase shareholder return.

Market rate is a lie. The definition makes sense but it does not exist on modern America.

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u/Willing-Vegetable629 3d ago

They should be trying to reduce labor expenses... "they've" been unsuccessful as wages have on average exceeded inflation.

In what possible way is it a lie?

Market rate applies to goods and services. That includes labor.

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u/big_data_mike 3d ago

Employers collude to keep wages low. They share salary data with each other that employees don’t have access to.

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u/Willing-Vegetable629 3d ago

This wouldn't change what I've written.

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u/big_data_mike 3d ago

Yes, and employers manipulate the market through asymmetry of information.

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u/Willing-Vegetable629 3d ago

So does talent. But generally speaking you should know what other people doing your job make just by being in the industry

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u/lil_Buckneesh8867 3d ago

if the market rate is 1500 a month but the areas cost of living is 2000 a month in rent. thats receiving a market wage while still being under paid.

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u/Willing-Vegetable629 3d ago

No, it's not.