By Steven Pearlstein, Published: May 23
Back when we still had a cafeteria at The Post,
the topic of salaries would occasionally come up
over lunch among the reporters. I’d
invariably conduct a little experiment in
behavioral economics, offering to
reveal my salary if they revealed theirs.
Over more than two decades, not one of these
professional snoops and truth-tellers ever took me up on the offer.
I was reminded of that when reading about the
new regulation by the Obama administration
banning gag rules at government contracting firms
that prohibit or discourage employees from
talking to each other about pay.
A survey this year by the Institute of Women’s
Policy Research found that 62 percent of
private sector employees thought their companies had such policies.
Even at The Post, where as far as I know there was no such policy,
the social norm against revealing your own pay
was sufficiently entrenched that nobody did it anyway."
Sounds like to me that, in context, "it pays to say."
BoBraxton, thank you for creating a new discussion thread! We appreciate and enjoy your participation in the MyRetirement online community and look forward to your future contributions.
volunteer - work without pay
retiree - pay without work
employee - work for pay
relaxee - no work no pay
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