If only the market was as simple as this. The reason as with many things lies with the fact that when an industry has a small number of large employers, they ca

If only the market was as simple as this. The reason as with many things lies with the fact that when an industry has a small number of large employers, they can conspire to cap wages fairly easily without ever actually speaking to each other, and indeed it probably happens without any illegal conspiracy, just them banking on each other to not undercut.