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by simonh
1506 days ago
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Knowing the price of a thing is how markets work. If I want to buy tomatoes and a friend tells me a shop down the road has them on special offer, that's not collusion.We're not artificially suppressing the price of tomatoes. Anyway companies already know this by just offering a given salary and seeing if they get decent applicants. If they're not getting enough good applicant, they just raise the offer if they think it's appropriate. Having said that the habit of companies suppressing info about salaries between employees should be fought. |
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You mixed up the analogy though. Rather it should be that tomato seller 1 talks to tomato seller 2 down the road and they agree to never charge less than x$ for 1 pound of tomatoes thus removing market forces and creating an artificial floor for tomato prices