How do we retain talent in KW?

[robdrimmie]

And my point was that "the market" doesn't offer wages, individual employers do, and each one of them decides how competitive they want to be. So, yes, there is a market, as you say. But the decisions are made by individual companies. Of course, if many companies feel they can hire at low salaries, that will also bring down the market averages.

Thank you for elaborating, I understand better now and in broad strokes I agree. I'm not entirely up on my economic theory, but my understanding of Smith's notion of the invisible hand is that individual actors themselves don't entirely consciously make these sorts of decisions. So it's true that the corporations make those sorts of decisions but it's not without external influence. I'm reasonably sure I'm pushing the conversation long past the point of utility though, and certainly well outside my competence.