3 ms·
Thats not the trick. The trick was and is underplaying the market power these guys have in specific labor segments because market power in labor can be a lot mo
by snapplebobapple 4y ago
Thats not the trick. The trick was and is underplaying the market power these guys have in specific labor segments because market power in labor can be a lot more localized than one would expect in certain situations and stuff like minimum wages give a tacit signal for what all the big employers in, for example, fast food should pay coordinating them like how a cartel would but without the illegal coordination meetings.