zlacker

collusion to suppress wages predates tbe raising of interest rates or inflation increases.

all the big tech companies used to have no-poach agreements to not hire from each other, such that they didnt have to compete on price

>>8note+(OP)
That real world activity is my underlying belief, but we shouldnt ignore that the free money era ended quickly and for these execs do continue to earn their ungainly bonuses, they have to cut costs. Modern texhnology/capitalism allows them to make the same choices without directing collusion.

Best example is the rental market and the landlords all using the same price setting "algorithm"