[ameister14]

Logically, if I know that in giving one person a raise, everyone will ask for the same raise, I just won't give anyone a raise that isn't negotiated by the entire group, which takes longer and is less likely to occur without conflict.

It actually extends to the whole market, too - if all salaries are transparent, then an RN makes x. They can't make more than that, anywhere they go. It gives a floor, sure - if they get hired, they'll get paid the same as everyone else; it just also makes a ceiling, and, I believe, may slow income growth in general.

[oblio]

Salary growth for the past 30 years has been slower than productivity growth.

So I'd see your point as already happening, companies have already capped salaries, except for executives, who basically set their own salaries.

[briandear]

However consumer prices have gone down over the same period. A refrigerator today costs much less in terms of labor hours than it did 30 years ago. So productivity growth has led to a rise in living standards.

[knightofmars]

> So productivity growth has led to a rise in living standards.

I love seeing this statement. It's true but the people who post it never follow up evaluating whether or not productivity growth has far out-paced the rise in living standards. If productivity growth has been exponential while the rise in living standards has been linear that's a sign that there's a problem regardless of whether or not living standards have risen.