4 ms·
Those 5% can argue for better conditions or leave. If their value is not commensurate with their asks, they won't get it. Both labor supply and demand needs to
by adam_arthur 4y ago
Those 5% can argue for better conditions or leave. If their value is not commensurate with their asks, they won't get it.
Both labor supply and demand needs to be competitive for an efficient society.
If there's a single employer in town, and lack of mobility for residents, that's a monopoly on labor demand just the same as a union is a monopoly on labor supply
- giantg2 4y agoWe currently have people leaving who are being replaced by others with higher salaries and similar contributions. So it's not like it's meritorious. With the information and power imbalance between companies and workers, it seems the companies are already an oligopoly. Unions are the oligopoly on the opposing side to balance that out.