Earlier quoted context omitted.
Imagine building a company from the ground up that is succesfull solely because it produces a lot of value to people, and yet random people on the internet still think all you care about is hoarding money and think they can make better decisions than you. Here is the summary of the issue. Firstly, pre-pandemic, unemployment was at an alltime low (and its trending that way to as places are reopening), very close to fr…
Unionization is a correction of the market if anything, as labor has a buyer's market. Both by the immediate need of survival by the seller, and a similarly high rate of exploitation at competing jobs that limits real choices. And arguably an actual monopsony/oligopsony, but that's besides the point. Edit: It's an interesting admission when you basically say that Amazon's worker productivity depends on coercion.
Nope. Injecting money into lower end income levels, through things like raising the minimum wage to $10-11, or social welfare programs, causes every company paying minimum wage to slightly bump up their salaries - thats a market correction.
Unionization is economically equivalent to rent control, which is not a market correction.
The reason why rent control doesn't work is you basically people who cannot otherwise afford to live in an area, and artificially increase their net worth. Of course they want to stay in the area, which decreases availalbe housing supply, prevents building of new housing supply, e.t.c and so on with cascading effects.
With unions is the same thing. People who are not worth $15 an hour because are slow are artificially inflated, and now they get put into a job that is hard to fire from, which then in turn leads to companies less likely to hire people, which decreases labor supply, and has other cascading effects.
>It's an interesting admission when you basically say that Amazon's worker productivity depends on coercion.
As is the case for any non-protected unskilled labor position, of which there are plenty. Amazon perhaps does more metric collection and expects a higher throughput, but they also pay accordingly. And people don't have to work at Amazon if they don't want to.
Its interesting though that people chose to focus on Amazon when talking about this, instead of all the companies that share similar working conditions. Kinda shows you where your priorities are, which is not in discussion of things that could benefit the lower income class.