isn't it only rational to then give the minimum effort (to not be replaced)?
further, the best way to get a large pay rise is by finding a new job rather than "working hard" and being promoted.
The average market value is (in theory) the average person in your field, putting in the average amount of effort. If you're putting in the minimum amount of effort, it's safe to assume that the amount of work you're doing can be replaced by somebody that's less talented than average. As such, you can be replaced for a lower annual salary.
Point being is that your replacement value is directly related to job performance. If you're not doing an average amount of work, you are not worth the market rate.
Invest in yourself. Dont invest in a company.
of course, someone who hold this kind of opinion would say that
But go ahead and do minimal work at all your jobs, then report how well that worked for you.
Then we can empirically see which world view is more accurate.
Of course, crypto boys don't have the best track records of reading reality, do they?