Comment by fsckboy

Comment by fsckboy 15 hours ago

1 reply

>None of this is a reason to not organize to better represent the interests of labor.

unions restrict the supply of labor and this results in (price increase) better wages for the union's members. However, overall the total dollar amount transferred from employers to labor goes down (employment decrease), so the "class" of all workers (employed and unemployed) see their per capita wages go down. and if that's not enough, the industry grows more slowly so the problem only gets worse for everyone in the future (trickle down) this is the underlying reason for europe's lower year over year economic growth compared to the US

is the reason. it's not a moral or ethical or even income distribution issue, it's just how markets operate.

LtWorf 13 minutes ago

Surely you deserve a nobel prize for having solved economy where everyone else was just doing guesswork?