Per the top comment -

Good, this should be standard.

I don’t understand how you can have a labor market where only one side has information on what the salaries are for an industry through a team that does market research. It depresses wages, mostly for internal employees who aren’t paying attention bc they’re content with their jobs.

Price transparency leads to more efficient markets, no reason the labor market is any different. A company hiring an employee under market rate, because the employee doesn’t know what market rate is, is a failure.

EDIT: Wanted to add that this hits closer to home for me b/c I’ve personally experienced this.

Went out and jumped companies and got a 300% raise b/c I was underpaid at the prev, only know that thanks to levels.fyi. New hires at my level were making almost double what I was.

When other engineers at my current company talk about salary, or total comp more generally, they vastly underestimate the state of the market.

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There is a discussion on Hacker News, but feel free to comment here as well.

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