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I suppose you could say it "makes sense" if you confine your field of view to one round of bargaining at one employer who is interested in minimizing short-term
by bwestergard 4y ago
I suppose you could say it "makes sense" if you confine your field of view to one round of bargaining at one employer who is interested in minimizing short-term labor costs. But does it even make sense for Apple managers/investors on a longer time horizon? Is it part of an approach that's good for the wider world?
- asdfasgasdgasdg 4y agoFor better or worse we don't globally optimize during an adversarial two party negotiation. We seek a local equilibrium. It's hard to fault apple for this since any other model would ultimately require a reorganized society to work on a long term basis. Apple can't do that unilaterally. And as for the idea of freely giving concessions to unions to avoid bad news cycles: it's been tried and the results are not always fiscally ideal.