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> it views the system that we have as fundamentally meritocratic Agreed. There is another dimension to it as well. Labor pricing is set by "replacement cost.
by rmrfstar 6y ago
> it views the system that we have as fundamentally meritocratic
Agreed. There is another dimension to it as well. Labor pricing is set by "replacement cost."
In a country where workers have been made precarious intentionally [1], replacement cost will be much lower than (a) the surplus value created by the worker, (b) the risk a worker bares in work activities.
There is empirical evidence that this is taking place on a grand scale. [2]
[1] https://chomsky.info/20120508/ https://chomsky.info/20120508/
[2] https://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12909 https://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12909
- Robotbeat 6y agoDoes this imply there aren’t enough employers, so that collusion among employers is feasible?
- rmrfstar 6y agoFeasible and documented [1], but I think that labor monopsony is only part of the issue. Why are fast food workers signing non-competes, arbitration clauses, and NDA's [2]. The whole balance of power is out of wack. [1] https://www.theguardian.com/technology/2014/apr/24/apple-google-settle-antitrust-lawsuit-hiring-collusion https://www.theguardian.com/technology/2014/apr/24/apple-goo... [2] https://www.natlawreview.com/article/state-attorneys-general-investigating-use-non-competes-fast-food-franchisors https://www.natlawreview.com/article/state-attorneys-general...