> Large companies have gotten away with paying under market price
This doesn’t make any sense.
What the large companies are paying is the market price. By definition.
It’s literally not possible for all of the big companies to be paying under market price at the same time. That implies some other prevailing market price somewhere else, yet we’ve clearly seen the highest salaries come from the big companies.
The big companies are paying whatever it takes to get the talent they need. That’s market price.