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Just stop with the hyperbolic statements and strawmanning. It's against HN guidelines.[1] Also, I did not say their labor is inelastic (at least not at the col
by bumby 4y ago
Just stop with the hyperbolic statements and strawmanning. It's against HN guidelines.[1]
Also, I did not say their labor is inelastic (at least not at the collective level). The employees have a right to strike. However, the govt has said their labor is a necessity for the public good and has reserved the right to regulate it. Therefore, there is not a free market to set the price for labor as long as that regulatory mechanism exists.
[1] https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html