Tao Francis

speaker

430 appearances 7 recordings 1 series first heard Nov 2017 last heard Nov 2022

Tao Francis’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · How to Find Out if You're Underpaid at Work · 3 Apr 2018 podcast

Another factor, AT&T is based in Texas. voice-verified

Verizon is based in New York. voice-verified

Verizon is much more focused on the wireless industry and on wireless service and has outsourced at least some of or sold off at least some of its more traditional wireline and lower paid jobs. voice-verified

AT&T owns more of its retail stores. voice-verified

And so those retail and voice-verified

employees who tend to make less are counted as employees when looking at who the median worker is. voice-verified

Verizon, more of those stores are owned by outside companies, so they don't show up as Verizon employees. voice-verified

So there's a lot of different factors there. voice-verified

But there's another one, and that is that companies have a lot of leeway in how they decide who their median employee is. voice-verified

They can line them up by salary. voice-verified

They can line them up by salary and bonus, salary, bonus, and commission. voice-verified

They can include benefits. voice-verified

They can exclude benefits. voice-verified

AT&T just uses a pretty basic cash pay number. voice-verified

Verizon adds some pretty complicated estimates for pension benefits or other benefits and compensation. voice-verified

So you have a bunch of different reasons that could feed into that, and that helps provide a bit of a cautionary tale for using these numbers. voice-verified

They're the best insight we've ever had into what companies pay ordinary workers, and yet it may not be a perfect answer. voice-verified

Well, that tells you something about the company. voice-verified

Again, this is about the company's employees, about the company's median employee. voice-verified

So if they outsource something, if you have a company that has 10 people at headquarters and they outsource, voice-verified

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