4 ms·
> assuming people are at an employer's mercy is not a great place to start I don't assume that. It's just a matter of who has the most power under what circums
by comice 4y ago
> assuming people are at an employer's mercy is not a great place to start
I don't assume that. It's just a matter of who has the most power under what circumstances. Employees usually only have any power at all if there are alternative jobs they can take.
So when there is lots of unemployment, people are at an employer's mercy.
Neoliberalism has this covered though and maintains a certain degree of unemployment through monetary policy. Look up "Non-accelerating inflation rate of unemployment" (NAIRU).