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by adrianN
2750 days ago
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Unions form to prevent a race to the bottom. Individual employees have no power at all, so employers can keep pushing them. Changing jobs is not frictionless, even in a good job market. Most people who work in low-paying positions can't afford to miss a few months of pay because they quit their job to look for something better. Since people have to work to survive, especially in the US with its poor social safety net, you get situations where people are forced to take a job no matter how exploitative it is. |
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There is no such thing as a race to the bottom.. This is a common trope from people who don't understand economics. Union benefits are zero sum rent extraction, and in the long run, inhibit economic growth and with it broad-based wage growth.