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> The reason NFL wages are so high is... ...because they formed unions.
by specialist 4y ago
> The reason NFL wages are so high is...
...because they formed unions.
- edanm 4y agoDoctors also have a union and for the most part aren't making nfl wages. I don't understand what makes people think that software engineers are so valuable that they'd get wages that are multiples of doctors.
- specialist 4y agoScarcity is not necessary for leverage. Preventing defectors from collective bargaining is. The Logic of Collective Action explains the mechanics. https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action It's basically game theory, by another name.
- philwelch 4y ago> Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is. "Preventing defectors from collective bargaining" is also, more or less, the definition of what an economic cartel does.
- notfromhere 4y agoCompanies are an economic cartel for capital, but we’ve don’t take their existence as a controversy