As in "there is no point to explore other domains/companies in my industry since my compensation will not change for my seniority level even though I understand that the value I deliver for society might increase exponentially"
Can pay transparency level up the field by removing the incentive for hyper-productive outliers, pulling wages down, as a second order effect?
As in "I'm sorry Jane, we appreciate that you've been working 80 hour weeks and is solely responsible for the success of this project but 20 other engineers in our team who have the same seniority level as you are making $N and we can not pay you a dollar more (otherwise they would have to give the same raise to other 20 engineers to make it look fair). Promotion is another option, you are on track but it will take a year or two"
Is it possible that push for pay transparency is just pandering to the lowest common denominator where best and brightest are left behind?