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Is this not Capitalism? Lowering costs. If your worth more then what you are getting paid, quit? Ask for a raise? Seems bad to expect companies to just drop fantastic paying jobs into your laps.

Government regulation to increase wage prices, seems like communism.

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No, capitalism is supposed to involve companies competing with one another (including competing for employee talent), not colluding with their nominal competitors. That's an oligopoly or cartel and it's a market failure similar to a monopoly.

I agree with the spirit of what you're saying, but I think it's more accurate to call what you're describing a "free market" than "capitalism"; the latter does not in fact preclude market failures such as oligopolies/cartels.

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