I'm pretty sympathetic. More transparency means that class based lobbying will be easier, so we should expect the more powerful classes, like the credentialists, to win out and get themselves higher pay.
If it causes the "lower classes" to leave though you can wind up with a pile of PhDs that don't have practical knowledge and don't know how to produce anything actually useful.
Its really weird to see this offered as a negative of transparency, when it is an example of transparency working.