3 ms·
I think that there are other wage setting mechanisms that you're neglecting. An employer that pays above the market rate can get better talent. An employee can
by tdaltonc 13y ago
I think that there are other wage setting mechanisms that you're neglecting. An employer that pays above the market rate can get better talent. An employee can ask for more pay. They can leave for a job that pays more. ect.
- walshemj 13y agoThis is what the cartel was trying to do. And I think you misunderstand how big companys set wages - they use some very secretive "surveys" which they do not share with the employees to set the quanta for pay increases.