>It matters because inefficient business are bad for society.
The implication that Google's employee wages are inefficient is hearsay; and it's the kind of MBA-babble that an hedgefund manager that is trying to increase short term profits would say.
>If Google had more direct competition market forces would push wages down on their own.
This makes no sense. If Google had more competition, wages would go up. The only incentive Google management has to keep wages high is to prevent employees from working for a competitor. I think people forget that in the early days of Google, Microsoft lost a lot of good engineers to Google because Google paid better.
The implication that Google's employee wages are inefficient is hearsay; and it's the kind of MBA-babble that an hedgefund manager that is trying to increase short term profits would say.
>If Google had more direct competition market forces would push wages down on their own.
This makes no sense. If Google had more competition, wages would go up. The only incentive Google management has to keep wages high is to prevent employees from working for a competitor. I think people forget that in the early days of Google, Microsoft lost a lot of good engineers to Google because Google paid better.