>Finally, I’m willing to bet a tenth of my monthly pay that should wage transparency become mandatory, the overall salary range will fall throughout the industry (at least in the short term), as this is how organisations generally deal with forced initiatives.

I would like to see how this would all play out. Generally people know roughly what the market is paying, and unless desperate, people probably aren't inclined to pursue roles paying far less than a) they are currently getting, b) the market is generally paying. So assuming the industry drops rem in lockstep, people stick to their current role, or they wait for an org to need talent enough to raise the pay on offer. The market evens out again eventually, surely ("at least in the short term"). That said, I'm a casual observer and I'm speculating wildly. Did find the "aw, poor HR" moments in the article amusing though.