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A comment on Make elites compete: Why the 1% earn so much and what to do about it. Parent comment

Re:Make elites compete: Why the 1% earn so much and what to ... by WalterBright on Saturday March 26, 2016 @07:23AM (#11365263)
It's hard to see how the secret wouldn't get out that there are employees producing 10x what they're paid, and I don't see how you could get every investor in the country to collude voluntarily.
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Re:Make elites compete: Why the 1% earn so much and what to ... by techdragon on Saturday March 26, 2016 @08:22AM (#11365377)
It's not that every one has to collude it's that enough collude to make things worse.
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Re:Make elites compete: Why the 1% earn so much and what to ... by WalterBright on Saturday March 26, 2016 @07:00PM (#11367874)
Yeah, pretty much everyone has to collude. Otherwise, why would anyone work for $10 when someone else offers $20?
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Re:Make elites compete: Why the 1% earn so much and what to ... by bobwaycott on Saturday March 26, 2016 @07:34PM (#11368008)
Because there is imperfect information available. Because people take poor deals out of necessity. Because the guy paying $20 isn't hiring right now, but the guy paying $10 is. It's really not hard to think of some potentially realistic and viable reasons here.
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