TED: Why you should know how much your coworkers get paid | David Burkus

The video discusses the concept of pay transparency, highlighting the discomfort and curiosity surrounding salary discussions. It argues that secrecy in pay leads to feelings of unfairness and discrimination, while transparency can foster a sense of fairness and collaboration. Historical examples and economic theories like information asymmetry are used to illustrate the negative impacts of pay secrecy. Surveys show that many employees feel underpaid, contributing to high turnover rates. The video also addresses the gender wage gap, suggesting that transparency could help close it. Real-world examples of companies practicing pay transparency are provided, demonstrating positive outcomes. The video concludes with a call to action for both leaders and employees to advocate for transparency in pay.

What new insight or understanding did you gain from this video?