"Bigness" is the problem. Company buyouts create mini-monopolies so workers have fewer options for work causing stagnation.
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1) Because there isn't competition. There are only a few companies in each field and thus no actual market.
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2) Companies don't need to worry about their workers being hired away at a better wage because it's in every employer's best interest...
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3) Not to compete. If there were a bunch more smaller companies, you'd see them fight for employees. But it's so easy to collude.
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4) They don't even talk to each other, or plan it out. Just look at the other two or four companies in their field, note their wages...
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5)... And then match them. Too few companies make it easy for bosses to watch raises. /End
End of conversation
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Shrinking population keeps prices low, the only reason you haven't seen deflation yet is outside trade but it is inevitable sans growth
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