It’s less about greed and more about leverage. With no union employees lack the leverage to extract a bigger share from companies. The net result is the market determines the value of their labor, and the outcome is what we see here: people paid as little as humanly possible for their skillset.
The problem with letting the market determine the value of your labor is that in a globalized marketplace you’re not just competing against people with the same rules and regulations. You’re competing with people in places that have no labor or environmental laws at all, some of which can live on less than a dollar a day. Good luck making meaningful money in that kind of environment without a very valuable skillset.
The question to ask is – “how does that gigantic company not have competitor that will take their business by being better and more efficient?”
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It’s less about greed and more about leverage. With no union employees lack the leverage to extract a bigger share from companies. The net result is the market determines the value of their labor, and the outcome is what we see here: people paid as little as humanly possible for their skillset.
The problem with letting the market determine the value of your labor is that in a globalized marketplace you’re not just competing against people with the same rules and regulations. You’re competing with people in places that have no labor or environmental laws at all, some of which can live on less than a dollar a day. Good luck making meaningful money in that kind of environment without a very valuable skillset.
The question to ask is – “how does that gigantic company not have competitor that will take their business by being better and more efficient?”
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