Sorry, I can elaborate better on the situation. The big tech companies know that they can pay way more than smaller competitors, so they do. But then that group of megacorp tech (Google, Amazon, Meta, etc.) collude with each other to prevent runaway race dynamics. This is how they’re able to optimize their costs with the constraint of salaries being high enough to stifle competition. Here, I was just offering evidence for my claim that big tech is a monopsonistic cartel in the SWE labor market, it isn’t really evidence one way or another for the claims I make in the original post.
Sorry, I can elaborate better on the situation. The big tech companies know that they can pay way more than smaller competitors, so they do. But then that group of megacorp tech (Google, Amazon, Meta, etc.) collude with each other to prevent runaway race dynamics. This is how they’re able to optimize their costs with the constraint of salaries being high enough to stifle competition. Here, I was just offering evidence for my claim that big tech is a monopsonistic cartel in the SWE labor market, it isn’t really evidence one way or another for the claims I make in the original post.