4 ms·
“Overcompensated”? I’m skeptical of unions, but that they tend to increase wages (therefore allowing workers to reap the benefits of productivity improvements)
by Robotbeat 5y ago
“Overcompensated”? I’m skeptical of unions, but that they tend to increase wages (therefore allowing workers to reap the benefits of productivity improvements) is a GOOD thing. The bad thing is when they reduce efficiency, like go on strike, organize a slowdown, cause friction with management (although this can sometimes be a good thing if what management is doing is counterproductive), or fight automation/technology. I want the wage benefits of unions without the productivity penalty. (This is partly why I’m in favor of minimum wage increases tied to economy-wide productivity and consumer/worker cooperatives.)