>It's the same thing with unionization, unionization is beneficial for workers, yet everyone keeps undercutting each other to stay afloat and meet their obligat

>It's the same thing with unionization, unionization is beneficial for workers, yet everyone keeps undercutting each other to stay afloat and meet their obligations. Because people can not properly cooperate and work together you are stuck in this bad equilibrium where companies have so much power over you. This is very true, the "best" (or should I say most succesful?) unions are those that have a monopsony (they control all the supply and there is only one buyer). The only recent victory I can recall is that airport workers are guaranteeda $19/hr minimum wage [1]. The other dimension that is brought on is that unions tend to be "corrupt" with the leaders taking advantage of their positions to "extort" money if they don't get favorable deals; some of these leaders also just pocket their earnings and don't spread the wealth. The mafia also infiltrated many of the unions in shipping and distribution to control the flow of drugs which has sullied the reputations of many unions in New York. [2] [1]https://www.nytimes.com/2018/09/27/nyregion/airport-workers-minimum-wage-nyc.html https://www.nytimes.com/2018/09/27/nyregion/airport-workers-... [2]https://www.justice.gov/criminal-ocgs/infiltrated-labor-unions https://www.justice.gov/criminal-ocgs/infiltrated-labor-unio...