[ticmasta]

wouldn't the wage fixing scandal, which was essentially illegal oligopolistic behaviour, be an example of how a larger market, wider area supply/demand relationship would look more like the classic economic model, i.e., this exact case?

[throwaway_hey]

There isn’t an open market where the worker can get a clear market value for their salary. The companies hold far more information than each worker. Nuances like this non-clearing behavior, geographic forces, compensating differentials, and monopsonies make labor economics it’s own field of study.