Earlier quoted context omitted.
It is. Labor providers are organized and connected in all sort of structures, ranging from golf club memberships and industry associations over questionably-legal wage fixing deals to ~~outright bribing~~ donating to politicians. In contrast, just about 10% of US workers are unionized [1]. This disparity is the reason behind a large part of wage stagnation and other areas where employment conditions are far behind of…
More accurately: employers are forbidden by many different mechanisms to join forces, are actively watched to prevent the formation of monopolies, and punished when they do, and are often restrained in many other ways by regulations. Labor is not only allowed to collaborate in order to form monopolies and cartels, but is also legally protected when it does. Please do explain how this disparity is in favor of employer…
It's plain to see that the inherent coordination problems facing workers are much harder than the ones facing managers. It's plain to see that a capitalist is far better positioned to negotiate a labor contract than someone trying to feed their family.
Please explain how history has repeatedly shown capitalists more ready, willing, and able to exploit their position. See the recent labor price-fixing scandal in the tech industry for one relevant example.