No where to leave. Industry is dead rn, at least if you're an SWE in Silicon Valley. All open positions are paying 50% less.
(which is to say that is just natural market forces, not collusion)
No it doesn't. You make a "gentleman's agreement" to do your layoffs and trust your chums to keep to it. Are you arguing that industry collusion is impossible?
After a month or two one company announces they're going through with layoffs, and that sets off a chain reaction for the rest to execute their own plans as soon as possible. It always happens like this. Everyone just decides now is the time to clean house, all at the same time, and we all decided to do this independent of each other...
The "collusion" is a dog-whistle protocol happening in plain sight. There is no "evidence," no damning email to be found, only behavioral patterns to observe. It's the same playbook every single time.
When you shed labor during poor economic conditions, it is not collusion, even if they, hypothetically, "colluded" to do it.
When a bunch of people see that a stock is crashing and decide to pull out together, it is not stock manipulation. It is a rational decision. (And don't nitpick the analogy on things like "buy low sell high", you probably understand the point I'm making.)
Companies need some labour, sure. But they can absolutely do things like hiring 10% more or 10% less, bringing a layoff forward a few months or pushing it back.
> When you shed labor during poor economic conditions, it is not collusion, even if they, hypothetically, "colluded" to do it.
> When a bunch of people see that a stock is crashing and decide to pull out together, it is not stock manipulation. It is a rational decision.
That's backwards logic. If a bunch of people agree to sell a stock at the same time so that none of them are left holding the bag, that is stock manipulation, even if they sold at a time when it was "rational" to sell. The fact that companies can act as a de-facto cartel without the kind of explicit coordination that our current anaemic anti-trust regime might punish is an argument for stronger anti-trust laws, not for ignoring the cases when we do catch them red-handed.
2023 inflation was ~3.5%
- soda is up about 50% for name brand, and generic soda is up around 80%
- diesel is up, what 50%? how much is regular gas in california?
- housing "values" where I am at are up 25-40% in the last two years
- Potato chips are up at least 40%
- Apples are much more expensive
- Restaurants are up at least 25%, some 50-75%
Many of these products went up by these amounts yet also engaged in shrinkflation. The biggest example of this is Chipotle which almost doubled the cost of its burritos but also shrunk them in size by about a third.
Governments are motivated to reduce inflation in inflation statistics. Perhaps the cost of goods for the ultra-rich hasn't really changed much, but for the poor (or cheap) they have all gone up quite dramatically in two years.