cross-posted from: https://lemmy.today/post/58413259

Full title: Companies are now using your credit history, past-due accounts, browsing data, and social media accounts to figure out the absolute lowest salary you’ll accept. Algorithmic wage suppression is being weaponized against workers to destroy wages.

  • chisel@piefed.socialEnglish
    15·
    1 day ago

    I work for a large company and they are (or, at least were) open about the fact they they put compensation into a software that everyone in the industry uses, then compare compensation for similar roles across the industry, and determine wages that way. Aka, collude with competitors to keep employee compensation low.

    Of course, this year they just decided to keep all the extra money for themselves and give the employees fuck all.

    • whats_a_lemmy@midwest.socialEnglish
      5·
      1 day ago

      Yay, price fixing that is legal because it happens via a third party. Just like in agriculture and the rental market. How innovative.