[tmaly]

> Everything points towards companies historically paying employees not the salary they deserve, but the salary they will accept.

You hit it on the head. This is exactly what is happening. This is why people job flip every 2 years to increase their salary. Getting good at negotiation is critical if you are job searching.

[wmeredith]

I don't think this is an ideal state of affairs, but what's the alternative? Why would a company pay more? Have you ever gone to purchase an item or pay for a service and tried to give more than what was on the price tag or accepted quote? I have once or twice in my life, but it's certainly not a regular occurrence.

[tmaly]

I think it is basic economics supply and demand for the most part. There is also imperfect information and the need for good negotiation.

Look at collectible cars or houses high demand areas. People are going to pay above asking price.

I think the same is true of very talented individuals. I was seeing compensation figures of 1M+ for C++ developers that can design high speed trading systems last year. I think AI researchers are able command higher compensation due to the lack of supply.