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binocular_gems t1_itqamsm wrote

This is likely correlation, not causation.

Dept of Labor published wage growth from March 2021 to March 2022, and while the Dept of Labor pegs Colorado at 8.8% for that period, other states exceed Colorado's growth like Wyoming (11.2%), Arkansas (10.9%), Indiana (9.8%), Nebraska (9.2%), both Carolinas (9.2%), Florida (10.8%), Maine (10.3%), Connecticut (9.2%)... And as far as I know none of those states implemented any new wage transparency laws. Another thing to consider is the relationship between wage growth and price inflation.

Wage transparency is probably a good thing, but probably not the cause of wage growth in Colorado. I think where Wage Transparency helps the most is in wage equity across sex and race, but that it's probably not a significant influence on wage growth and given the relationship between wage growth and inflation we should be cautious of linking transparency and wage growth.

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innergamedude t1_itrknr9 wrote

Since, I posted below the results of study that actually did a confounder controlled comparison, here it is again:

>Colorado’s pay transparency law, which went into effect Jan. 1, 2021, resulted in a 1.5% boost in the labor force participation rate compared to Utah, a neighboring state without such a law, according to an analysis by research hub Recruitonomics.

>In the same period, however, Colorado job postings on Indeed fell comparatively more than in Utah by a margin of 8.2%, the study found.

>“Salary transparency laws add another step in the process to post a job; as well as repel recruiters unwilling to divulge pay ranges,” Recruitonomics said.

>Recruitonomics noted the study is limited, but used Utah as a comparison due to the state’s similar demographics and economic characteristics.

Sauce.

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3720-To-One t1_itrsee1 wrote

I just wish companies posted what the job paid, so you aren’t wasting your time if they offer way too little.

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binocular_gems t1_iu0ehkv wrote

Agreed, wastes everyone's time. Every time a recruiter messages me about a job I might be interested in I ask them straight up what the pay range is for a qualified candidate. Those who don't provide one I usually ghost.

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