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Ultimately in our culture we need to have ways to calculate what people are compensated, and I do not fault anyone for participating in the process of this type of ranking. Some number needs to be written on the offer letter and if you don't have a process for determining that as fairly as you can, then it will be entirely based on implicit biases. So people will have titles and titles will have pay bands. But that's the real, final difference between "junior" and "senior": about $100,000.