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by verteu
976 days ago
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Your pay is upper bounded by the value you create, but may be arbitrarily less, especially if there is monopsony, high barriers to moving/reskilling, and/or collusion among employers. There's nothing inherently fair about the "intersection of Supply and Demand curves" because employers manipulate them both -- by lobbying for increased immigration, reducing competition through mergers&acquisitions, erecting legal barriers for competing businesses, colluding to depress wages, and reducing incentive to compete via common board membership & equity ownership. |
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