Earlier quoted context omitted.
It is a market. Employers and consumers will pay what they have to be satiated. If they can’t afford that, they’ll have to make do with less. If something is priced too high and there are viable alternatives, they’ll consider those alternatives.
"Market" is just another way of saying "Power differential." Most corporate cultures are inherently authoritarian, with money being used as a proxy for power. Empirically there is plenty of evidence that given a choice, many businesses would rather maintain the power differential and complain about "lack of applicants" than increase pay and suffer a corresponding diminution of authority. Stock is an even more specifi…
Oh come on. This is a cynical or Marxist take, but it's pretty obviously untrue. A flea market, farmers market, FB marketplace doesn't have a substantial power imbalance. A market may have a power imbalance, but it is not required. People can exchange goods/services at equal power, and routinely do so. And if I understand economics correctly, that's the purpose of a "free" market: no artificial power imbalances.