Am I the only one who would hate such a system? I could see, if I were a manager there, a lot of downside to this. "Why does Jenna make 15% more than I do and

Am I the only one who would hate such a system? I could see, if I were a manager there, a lot of downside to this. "Why does Jenna make 15% more than I do and we have similar jobs? I sleep less than she does, I'm here on extra days, I haven't taken a vacation day in years. I want a raise to reflect this." It would seem to me to open a huge can of worms to have to manage through. And then it would almost be a race-to-the-bottom in some ways: I make the same as Jake, but he gets in later and leaves earlier. Not to mention, especially with hiring, there's very little room for negotiation, whether as a hiring manager or a potential employee. If someone is high-value, you run the risk of bringing in a new employee where (s)he is making a good bit more than the rest of the engineers, which could lead to the situation I mentioned above.