This kind of anti-free market thinking here at RPF is really weird to see.
I can't understand what it is you're even hypothesizing here. If employees have to work 9 hours, then whatever they agree to get paid for that 9 hours of work is their pay for 9 hours of work, not 8 hours, even if they engage in some kind of accounting mumbo jumbo where they write the number 8 instead of 9 on their time sheets.
But the price they can charge for their labor should be determined by the free market. Yes.
If they're providing more productivity to their employer than their employer is willing to pay them for, then they're in a good position to go to a competitor of their employer's and sell their labor to them at a higher price.
If a bunch of employers tried to "rig" the market, as you say, then they would just be creating a great opportunity for another competitor outside their collusion who refuses to participate who will be able to attract all their best workers away from them, pay them more, and still make a profit off of them.
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