The Soapbox

BonsackHoo

Joined: 11/17/2011 Posts: 3039
Likes: 5546


I agree and disagree with you.


When companies have to compete for labor, workers benefit. So in industries where workers are a shortage (tech, oil during a boom) everything is fine.

But a lot of workers are not in these kind of labor markets (luckily now more are with the current unemployment rate). When there is a surplus of labor, companies don’t have to compete. Workers get screwed.

That is the fundamental dilemna: companies don’t want to compete for labor ever. They want monosponisitc power. Conversely they want labor to compete among themselves for jobs. That explains outsourcing and why corporate power encourages public subsidy in education (which isn’t a bad thing). So at the end of the day it comes down to who has market power. I think I would always support the side that doesn’t have market power...it’s just right now that it is labor without it and I don’t see that changing without political intervention.

(In response to this post by KCHoo)

Posted: 08/15/2018 at 10:58AM



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Current Thread:
 
  
Elizabeth Warren’s new Corporate Citizen Charter -- BonsackHoo 08/15/2018 08:32AM
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  I think we are talking past each other to a degree. -- BonsackHoo 08/15/2018 10:50AM
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  I agree and disagree with you. -- BonsackHoo 08/15/2018 10:58AM
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  Codetermination -- DanTheFan 08/15/2018 09:04AM
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  ... says the paragon of Soapbox credibility ** -- WaxHoo 08/15/2018 09:06AM

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