I think this concept works well until you consider "lateral movement" between companies. ie. it works as long as a developer leaving / laid-off-from the compan

I think this concept works well until you consider "lateral movement" between companies. ie. it works as long as a developer leaving / laid-off-from the company will be compensated at their new job just as well as the manager will. Don't get me wrong. Some people will embrace this. Namely those who aren't interested in managing others. But it seems a bit disingenuous to say you can "level the playing field" by having a value structure that doesn't map well to how most other companies' value structure is set up.