This looks at the short term effect in one organization. The effect across the economy is something else to take into account. Market theory assumes perfect i

This looks at the short term effect in one organization. The effect across the economy is something else to take into account. Market theory assumes perfect information. If you want to use market economics to maximize efficiency, then you want pay information published. For example: Some companies have issues finding people with certain skills. People in other less productive companies who have those skills can use salary information to move to the more productive companies that will be able and forced to pay higher salaries. People in other fields are encouraged to retrain into higher paying areas.