Jul 28, 2017 · 1 min read
Wait, won’t this result in people being paid different amounts for the same work?
Suppose person A gets hired in year X, where the market rate for their position is $R. Person B gets hired for the same position, but in year X+N, and the market rate has since dropped, so they get paid $(R-D) — less than person A, for the same job, since you won’t cut person A’s pay to match market rate.
