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I think the problem is in a market, at least theoretically, both parties have to offer some mutually beneficial additional benefit in order to capture additiona
by ty6853 1y ago
I think the problem is in a market, at least theoretically, both parties have to offer some mutually beneficial additional benefit in order to capture additional value. Otherwise one side will reject the agreement, because both parties have to be better off for an exchange to happen.
- nathan_compton 1y agoBut the agreement will be unfair in precise accord with the degree of power imbalance between the parties. Like if you know the president will call in the national guard to break your strike, you'll accept lower wages.
- DangitBobby 1y agoI think it's safe to say there was a period of time where employees were expected to capture a larger proportion of the value from the technology they utilized in the course of their work than they do now, and they did so despite market forces.
- ty6853 1y agoCompanies were definitely as greedy during the 'robber baron' days between the civil war and ~1913 when the market was way less restricted, during which workers saw much greater gains, even in the face of mass violence against worker mobilization. Interesting situation indeed.