This assumes that the market is actually opaque for both parties. The information asymmetry between employer and employee regarding wages is pretty well documented. There are other pressures on wages in particular: not filling a position for 6 months usually hurts an employer less than an employee not having a job for that same amount of time.
Re:Pay Transparency Is Coming
by avianlyric on Wednesday September 15, 2021 @04:45PM
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Please point me towards all these countries with transparent pay systems you seem to think exist.
Re:Pay Transparency Is Coming
by notyourday on Wednesday September 15, 2021 @05:36PM
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That was an assertion of @thescriptkiddie
Strangely, the US tends to pay more than any other country for the work, which is why those who live in other countries would rather move to the US and its non-transparent pay system.
Pay transparency creates commodization of jobs which will only lead to the pay dropping rather than rising. Opaque pricing is great for sellers and the sellers in every market. In the job market the sellers are employees, not employers.