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584. How to Pave the Road to Hell
Freakonomics Radio
Pay Transparency and Income Secrecy Dynamics in Firms
Firms are expected to incentivize employees with clear career progression paths and salary increments to ensure loyalty. Younger employees tend to seek more pay transparency compared to older ones. However, there is a prevalent trend of income secrecy among wealthier individuals, driven by a fear of resentment. This fear suggests a strategic element where revealing one's income could lead to competition and potential conflict among colleagues in the workplace.
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