Originally Posted by
Old UCAL CA
The market determines everything.
When enough individuals do not choose to pursue this profession, or exit if currently employed, the comp will rise. Until then...supply, demand, comp equilibrium. The market determines everything.
Yes, with its "free" and "invisible hand"
Powerful financiers force businesses to lay off millions of workers to reduce wages and benefits in order to maximize profits and raise share prices, making the financiers even richer, because they own so many of shares of stock. These “private-equities" then buy up companies and fleece even more money out of them by encumbering them with debt and firing even more of their employees-then sell the companies for a profit.