The crux of this argument is that in the current system > bands to end up getting adjusted as the market chases This is some kind of typo, but I think the ide

The crux of this argument is that in the current system > bands to end up getting adjusted as the market chases This is some kind of typo, but I think the idea is that increasing pay for the 1% most desirable candidates ends up increasing it across the industry for everyone else, even though they aren't public. Citation needed, I think. It's pretty easy to construct an equally rigorous argument about why transparency will increase median salaries: employers will keep fighting over the top 1%, and this will now have a direct effect on salaries, as the author describes in an earlier tweet.