So its in the interest of every company to squeese wages. To a large degree they've suceeded. But if they all succeed in paying their employees little, noone c

So its in the interest of every company to squeese wages. To a large degree they've suceeded. But if they all succeed in paying their employees little, noone can afford their products. Tragedy of the Commons, corporate edition. The solution to tragedy of the commons is usually to privatise the commons. Once it's private properly, people take care of it. Clearly that means companies need to privatise workers.