New data from the US Bureau of Labor Statistics released on Tuesday continued to show weakness in the American jobs market.The latest Job Openings and Labor Turnover Survey (JOLTS) shows that the number of new hires in February decreased to 4.8 million, which was roughly 400,000 fewer hires than wer...
What I took issue with is your argument that collusion between companies to lower wages was somehow unlikely when it’s already happened before. That doesn’t prove that it’s happening now, but it does disprove your argument that they wouldn’t collude or it’s extremely unlikely.