2 ms·
Until the moment companies once again collude to drive and hold prices down. Suddenly those competitors aren't too low after all and the "tried and true" isn't
by autoexec 4y ago
Until the moment companies once again collude to drive and hold prices down. Suddenly those competitors aren't too low after all and the "tried and true" isn't so useful.
Corporations have enough staff that they can lay off hundreds or thousands of workers without a single worry. They can hold out not paying you the rate you want for much longer than you can afford not paying your bills and eating. Eventually, you will accept a lower salary and if you don't there are plenty of others who will. The vast majority of all employed people have next to no leverage compared to the companies that hire them and companies know it.
- Aeolun 4y agoYou need only one company to not go along to hoover up all the great talent. The large problem with the collusion before was that the 3-4 that already paid top of the market salaries colluded to keep them the same. It doesn’t mean they weren’t still top of the market for someone with a given level of experience.
- HowTheStoryEnds 4y agoNo because the pool of workers at that company vs the others combined is small. This in turn will make entry in that pool excessively competitive which again will serve to drive down the wages in that pool. Once the tiny pool is saturated they might as well benefit from entering with the others in agreement as well.