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I think people believe that pay transparency will result in increasing wages. This has never happened in economic history. You cannot make two people equal by
by abtinf 9y ago
I think people believe that pay transparency will result in increasing wages.
This has never happened in economic history. You cannot make two people equal by raising the low producer, you can only cut down the high producer.
When train transport prices were regulated because local trains were more expensive than long haul trains, the result was the raising of long haul prices.
- crdoconnor 9y agoPay transparency would raise aggregate wages and cut into profits - i.e. it would reduce the take home pay of the non-producer (the shareholder).
- consz 9y ago>This has never happened in economic history. Incorrect, CEO pay rapidly increased once the executive compensation of public companies was published.