3 ms·
>companies have more.... and >Workers can't usually live too much without finding a job. Conversely, most workers can go to a different job, and hiring is ex
by ChrisLomont 6y ago
>companies have more....
and
>Workers can't usually live too much without finding a job.
Conversely, most workers can go to a different job, and hiring is expensive, so companies cannot simply keep spending on hiring and get no workers, so companies must offer enough value to attract workers.
Workers also have information companies do not - they know where else they might or are looking, they sometimes have competing offers in hand, and they can always not take a job based on these things.
>Companies will always push for lower wages wherever they can, without a care for the actual wealth created by the worker.
Conversely, workers will always push for more wages wherever they can, without a care for the actual value they produce for their employer.
And it's much easier for a worker to go elsewhere than it is for a company to replace all workers. Both sides have interest in getting a good balance on wages.