2 ms·
> There is no indication anywhere that supply and demand is wrong about the job market. It's not that supply and demand is wrong. It's that supply and demand i
by TaylorAlexander 3y ago
> There is no indication anywhere that supply and demand is wrong about the job market.
It's not that supply and demand is wrong. It's that supply and demand is not the whole story. It is an open question whether workers should change the market forces at play by unionizing and demanding collective bargaining of their wages. This does not subvert supply and demand, it simply alters the pressures the company leadership experiences in the market. I said that the original comment was "wrong" because the comment stated clearly that "wages are only set by supply and demand". This seemed to me to imply that nothing could be done about low worker wages, which is clearly wrong. What workers can do, and apparently in this situation have done, is unionize and strike for better wages.