That's not a fair argument.

If there were many companies offering the same pay, with a higher ratio of offerings to applicants than yes that would be applicable.

I'd your trying to say that they can sign away their rights than that is a different argument.

Pay and rights arnt/shouldnt be interchangeable, I'll work for you for X money but there isn't an amount that will make me give uo my rights.

Why? Well someone else will undercut that , and then they will be undercut and you eventually end up with no rights.

True but it becomes more of an issue once it evolves to be an industry standard. You're not forced to work for IBM but you're pretty much forced to work somewhere.

On the other hand, IBM owes you 6000+ hours of overtime per year. And a good chunk of that is double overtime, and probably triple overtime.