4 ms·
I wouldn't divide it between skilled and unskilled. It's more a product of supply and demand. Unskilled labor can have decent bargaining power if there's a sho
by adam_arthur 4y ago
I wouldn't divide it between skilled and unskilled. It's more a product of supply and demand.
Unskilled labor can have decent bargaining power if there's a shortage of unskilled labor.
It just so happens that there tends to more frequently be shortages of skilled labor
- bjornsing 4y ago> Unskilled labor can have decent bargaining power if there's a shortage of unskilled labor. Not really, because that’s the definition of unskilled: it takes no special skills to do the job. So if there’s a shortage and wages go up dramatically then skilled labor can take its place. (The opposite is not possible/ advisable though.)
- adam_arthur 4y agoBeing willing to do the job is a hurdle on its own. And there is variance between employee quality for "unskilled" labor too. E.g. think about customer facing roles and social skills/aptitude. Having all friendly/nice employees can drive greater revenue for a business. Chick fil a and costco are famous for hiring friendly employees, can have meaningful results for the business
- busterarm 4y agoAnd plenty of businesses have gone the other way and decided that the personal touch of being greeted by a human being provides less business value than a computer. E.g., McDonalds, Wendy's, your grocery store.