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Which is how the system should work. Raising wages puts you at a cost disadvantage against competitors, but if all employers take collective action they only ha
by azernik 8y ago
Which is how the system should work. Raising wages puts you at a cost disadvantage against competitors, but if all employers take collective action they only have to pay more for wages (rather than lose market share). That's why the early American robber barons lobbied for government regulation of child labor at times - they wanted to be able to abandon it without giving opponents an advantage.
- conanbatt 8y agoBut if it lowers unemployment because people that are worth less than 15U$S/hour cant get a job, you just created a poverty machine.