>Why are you confident it will suppress wages? The same mechanism you see uncoordinated price fixing, companies set their numbers by copy+pasting from their co

>Why are you confident it will suppress wages? The same mechanism you see uncoordinated price fixing, companies set their numbers by copy+pasting from their competitor +/- a little depending on the details. I think noncompetitive companies will be forced to increase wages initially to compete but after that initial spike the numbers will become much more sticky.