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Correct. People have a “no deal I’ll wait” option. Same as business as always had. If we maintain that then we will have a free market in labour. Pay the pric
by neilwilson 5y ago
Correct. People have a “no deal I’ll wait” option.
Same as business as always had.
If we maintain that then we will have a free market in labour. Pay the price or don’t get any.
Or spend the capital automating and working out how to do more with less. It is supposed to be capitalism after all.
- gruez 5y ago> Correct. People have a “no deal I’ll wait” option. >Same as business as always had. "business as always had" that option? Clearly they don't, otherwise they'll never cave to strikes.
- neilwilson 5y agoDo they always instantly cave in to strikes? Do strikers permanently stay on strike on a barely subsistence wage? Or do they finally come together to share the spoils of mutually beneficial activity? Which is what a market is supposed to be about.
- JKCalhoun 5y agoInteresting, in real estate we are familiar with "buyer's markets" and "seller's markets". Seems like in the labor force, a "worker's market" only comes around once in a lifetime. For most of my life it's been an "employer's market".