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Re:Alphabet's Median Pay Nears $200k by dredmorbius on Monday April 30, 2018 @10:25AM (#16958763)
In practice, labour contracts with one firm within an industry, for major unions & firms, often set the industry payscale

This was long the practice in the US auto industry.

Discussed in this story:

https://www.freep.com/story/money/business/2015/09/08/uaw-pr...

Re:Alphabet's Median Pay Nears $200k by Nokinside on Monday April 30, 2018 @10:37AM (#16958852)
That can be true even without unions when the industry is dominated by handful of large companies and their is demand for labor.