There are plenty of places with pay transparency and they work just fine. The information imbalance is only to the benefit of the employer.

>There are plenty of places with pay transparency and they work just fine. The information imbalance is only to the benefit of the employer.

Citations?

For what? For pay transparency look at Congress staffers, lot of state employees, a lot of CEOs, the military or some tech companies. For the second point I think it's pretty well known that markets can only properly function if all participants have the relevant information.

> markets can only properly function if all participants have the relevant information.

That's the reason why it's criminal for employers to punish employees for discussing compensation with each other and why employers try their hardest to prevent that from happening.

I posit that in a lot of (most) companies profit is born wholly by the underpaid employees.

>For the second point I think it's pretty well known that markets can only properly function if all participants have the relevant information.

So the markets have been improperly functioning, this entire time, because they didn't have the relevant information...?

Yes, the salary market is not functioning properly because one side has vastly more information than the other side.

Professional sports is one that is brought up frequently. Athletes seem to be fine with being paid different amounts, and they too must work as a team to succeed.

Public servants. Sweden. Buffer.

>Public servants

All public servants or just those paid by your statea and/or federal governments? Could you find out how much someone made at the NSA, for example?

>Sweden.

Tax returns are not the same as pay transparency. In premise, yes, in practice, no, because a tax return is based on taxable income only. So, let's say I have tax credits for having three kids. My taxable income would be vastly different from yours, if you have no kids.

>Buffer

Overflow...?

....who do you think pays NSA employees? https://work.chron.com/nsa-pay-scale-16399.html

>Sweden.

You are conflating tax returns and taxable income. A tax return shows the salary AND the tax credits. https://www.reuters.com/article/us-panama-tax-nordics-idUSKC...

>Buffer

https://www.google.com/search?q=buffer+pay+transparency

not to mention the fact that there may be a junior developer 1a at a lower tier that can do everything developer 2 can do (and better) that is getting paid massively less...

there are plenty of situations where that better dev gets paid less. salary transparency will address that

>there are plenty of situations where that better dev gets paid less. salary transparency will address that

Plenty of situations? Where? Documented somewhere, I should hope, yeah?

Is that better dev from a subjective or an objective perspective?

The reason that I ask is because one dev can think that they're better than another and believe that they should be paid more but that could very well be the fault of fevered ego and not, necessarily, a reflection of reality, yeah?

Also, salary transparency wouldn't actually address anything. It would be a tool to address the salary issue with management and management (plus, HR) would address it, yeah?

"Also, salary transparency wouldn't actually address anything. It would be a tool to address the salary issue with management and management (plus, HR) would address it, yeah?"

The first step to address issues is to gather relevant data so an informed decision can be made. right now we have only very incomplete data.

How can it be a step and also address it? You're creating a dichotomy that you're refusing to resolve here...