Hey cockjockey, let me break it down for you. If your ditch digging company is paying you $8 an hour to dig ditches, and the owner starts a second company that is only paying $7 an hour to dig ditches, eventually the new company will get all the new ditch digging business. When you finish your current ditch digging project, you will be out of a job or go to work for less money($7 an hour) for the new company. Now as long as there are plenty of people willing to go to work digging ditches for $7 an hour, the company wins and all the workers lose because the next step is to start a third company and pay $6 an hour. So all the high and mighty $7 an hour workers will now be out of a job or go to work for the third new company at $6 an hour. Are you getting this? I hope I kept it simple enough for you to understand. The point is this, in the end, one of the last companies formed is paying $0 an hour and the mighty $1 an hour worker will either be out of a job or go to work for the newest company making $0 an hour. And that's when it hits ya. If you still don't understand, I'm sure one of the hundreds of other pilots on this site who understand what is going on here will be glad to explain it to you in their own words that maybe you can relate to better.