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How to Pave the Road to Hell

Freakonomics Radio

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Navigating Pay Transparency in the Workplace

This chapter examines the multifaceted nature of pay transparency, focusing on peer, cross-firm, and vertical dimensions. It underscores the tension between salary secrecy among older, wealthier individuals and the openness of younger employees, and how transparency policies can paradoxically compress wages while promoting equality. The discussion highlights the necessity for companies to adapt their pay structures to harness the benefits of transparency while attracting and retaining talent.

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