VOICED : London firm revamps pay by letting staff set salaries

Smarkets, a London-based tech firm, offers radical salary transparency, allowing employees to view each other's salaries and request raises every six months. This system, while popular for its fairness and potential to reduce discrimination, faces challenges such as justifying different salaries and potential tensions in budget-constrained companies. Despite its benefits, widespread adoption remains limited.

How does the transparency in salary at Smarkets help discourage discrimination?

What are some reasons suggested for why radical salary transparency hasn't become more widespread?