The folks at the higher end of the wage spectrum lose negotiating power too. I assume that outliers skew high, hence average wage gets suppressed. I’d be more i

The folks at the higher end of the wage spectrum lose negotiating power too. I assume that outliers skew high, hence average wage gets suppressed. I’d be more interested in median wage data/trend, which didn’t seem to be in that paper. Plausibly, if those at the higher end have wages clamped, and those at the lower end can see what they could be worth, wage spend becomes a mean reverting process except with a downward trend driven by a company’s general aversion to spending money. From the employee perspective, it is of course more fair to be transparent about wages. I personally believe it’s for the best, at least socially and for worker’s rights. In some sense it can lead to worse outcomes, but these are really a reflection of the profit-seeking behaviour of companies, which is also made more effective by wage transparency. I would rather try to fix the underlying issue than not have wage transparency.