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danluu's profile
Dan Luu
Dan Luu
Dan Luu
@danluu

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Dan Luu

@danluu

https://patreon.com/danluu 

danluu.com
Joined December 2008

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    Dan Luu‏ @danluu 11 Jul 2016
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    I've noticed that jobs advertising "market rate" almost always pay less than market rate, often by 2x or more. Why is that?

    9:57 AM - 11 Jul 2016
    • 18 Retweets
    • 36 Likes
    • Claudiu-Vlad Ursache igor g orthogonal dr octogon Marline Glenn Eckstein Samantha David Zaragoza Jan Stette Benjamin Encz
    11 replies 18 retweets 36 likes
      1. New conversation
      2. Dan Luu‏ @danluu 11 Jul 2016
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        Replying to @danluu

        Similarly, when a manager describes a job as "a pure meritocracy", their reports inevitably tell me he's a scumbag who games the system.

        4 replies 9 retweets 28 likes
      3. Fabian Giesen‏ @rygorous 11 Jul 2016
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        Replying to @danluu

        which is precisely the kind of behavior the word "meritocracy" was originally intended to critique https://en.wikipedia.org/wiki/Meritocracy#Etymology …

        1 reply 0 retweets 2 likes
      4. 1 more reply
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      2. Andy McCoy‏ @andykmccoy 11 Jul 2016
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        Replying to @danluu

        how do you determine "market rate"? Glassdoor?

        1 reply 0 retweets 0 likes
      3. Dan Luu‏ @danluu 11 Jul 2016
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        Replying to @andykmccoy

        Mostly conversations with other people with similar-ish background, plus survey data when it pops up.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Savage Jim‏ @jim_savage_ 11 Jul 2016
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        Replying to @danluu

        I promise you they never pay less than the market rate.

        0 replies 0 retweets 1 like
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      1. Johannes'fish'Ziemke‏ @discordianfish 11 Jul 2016
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        Replying to @danluu

        I've asked myself the same question but don't know the answer either. Maybe they simply don't know the market rate..

        0 replies 0 retweets 0 likes
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      1. Johannes'fish'Ziemke‏ @discordianfish 11 Jul 2016
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        Replying to @danluu

        ..or hope their candidates don't. Or they mean a different market, not the high profile market they are saying they hiring from...

        0 replies 0 retweets 0 likes
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      1. Lee Zamparo  🖖‏ @lzamparo 11 Jul 2016
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        Replying to @danluu

        Diversionary tactic for the unwary? I.e "We pay market rate, so no need to check what the market rate actually is"

        0 replies 0 retweets 0 likes
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      1. Eric Lawrence  🎻‏ @ericlaw 11 Jul 2016
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        Replying to @danluu

        for the same reason that the Catch of the Day on the menu is always "market rate"

        0 replies 0 retweets 0 likes
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      1. Noah Gibbs‏ @codefolio 11 Jul 2016
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        Replying to @danluu

        It means people there are expressing concern about that, so they add the adjective - cheaper than adding salary.

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