No, it’s better to strive for meritocracy and fail to achieve perfection, than to abandon the effort to reward merit entirely.
> … instead of acknowledging and being honest with ourselves that pay is not commensurate to effort?
“Merit” is not a synonym for effort, pay was never commensurate with effort, and it never should be.
We’re not trying to reward effort — we’re trying to reward results.
What makes you think we do that now?