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I wonder what effect this would have on wages. It might create upward pressure, in that people could see when they were paid less for a similar position as a co

I wonder what effect this would have on wages. It might create upward pressure, in that people could see when they were paid less for a similar position as a colleague and seek an increase, but it might also create downwards pressure as management were more reluctant to give anybody a raise given that it might cause other employees to demand one too. Seems like it would be good for small startups, as most employees would have different titles and hence no reason to expect similar compensation.

ebg13 8y ago
> but it might also create downwards pressure as management were more reluctant to give anybody a raise given that it might cause other employees to demand one too Maybe. Unless, of course, management's income is absurdly high compared to that of their hires and then the hires decide to unionize in retaliation leading to again upward pressure. And if management's income isn't absurdly higher, then there's no real problem with the scenario because now everyone's being compensated fairly.