> What happens when the companies band together to compress wages? Like what happened with the high-tech employee antitrust litigation.
What happened with that litigation is it got shut down and those companies pay some of the highest compensation now.
One of the few jobs you can get that pays that much compensation with fewer educational requirements and better hours than alternatives in that compensation range (surgeon, specialist doctors, lawyers at demanding firms)
I don’t think that’s a great example for your point since by comparison FAANG employees have some of the best pay you can find in an attainable job for someone with a 4 year degree and the demands are lower than many of the similarly paid jobs that require a lot more education.
Possibly it's just a one time thing that was limited to just these companies.
Or possibly the incentives that led to this are still in place, and the current judicial climate is way more lenient towards big companies. Who's to say?
What happened with that litigation is it got shut down and those companies pay some of the highest compensation now.
One of the few jobs you can get that pays that much compensation with fewer educational requirements and better hours than alternatives in that compensation range (surgeon, specialist doctors, lawyers at demanding firms)
I don’t think that’s a great example for your point since by comparison FAANG employees have some of the best pay you can find in an attainable job for someone with a 4 year degree and the demands are lower than many of the similarly paid jobs that require a lot more education.