> Very few firms can engage in such behavior. A pact like this can only be maintained by a small number of very large firms, and only the firms party to the pac

> Very few firms can engage in such behavior. A pact like this can only be maintained by a small number of very large firms, and only the firms party to the pact will abide by it, leaving the entire rest of the employer market in a competitive state. And the same can't be said about the market power of unions? > Corporate earning growth is at historically low rates. Cherry picked statistic. Corporate earnings as a percent of GDP are record high. https://fred.stlouisfed.org/graph/?g=1Pik https://fred.stlouisfed.org/graph/?g=1Pik And your linked chart shows exactly my point, wages relative to productivity have been decreasing. Obviously with anything like this you have a hard time showing a direct causation, which is why I am confused that you are claiming that you can prove a clear causation in the exact opposite direction that the economy has been moving.