I wholeheartedly agree, and I'd be in favour of such a system here in the UK.
That said, I'm not sure it would work in the US, where individualism has been taken to such extreme lengths - I could imagine it being used as bragging rights, rather than a source of moral embarrassment as it would be in Europe and Scandinavia.
Moral embarassment of earning 5 million while everyone makes 50k. And everyone seeing this and quitting and going to a company where the boss only makes 100k if everyone else makes 50k (for example).
This might be unfathomable to some people and I must admit that having all salaries public is a bit strange to me as well. I don't know if I like it. I also read elsewhere on here that it only reports net income. I wonder how many schemes of making it look like you have less net income than you really do are employed. Sort of like profitable companies making themselvesook like they are loosing money or barely scraping by to avoid taxes.
That said, I'm not sure it would work in the US, where individualism has been taken to such extreme lengths - I could imagine it being used as bragging rights, rather than a source of moral embarrassment as it would be in Europe and Scandinavia.