Comment by anilof

You're assuming that it would depress wages, which is not necessarily true. A more likely scenario is that such a thing can slightly depress wages in low-skill, low in-demand jobs but is more likely to slightly increase wages in high-skill, high in-demand jobs. Companies that are growing and want to be the best and are flush with cash will happily pay premium wages to premium employees based on salary data. Other companies won't. So that's the big difference between the two companies. The "collusion" doesn't necessarily cause lower wages, that's just a big assumption that some people are making. Whereas RealPage was specifically touting and actively encouraging increasing rents.