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by pde3
2233 days ago
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Many workers experience monopsony for their labor for reasons that might not make sense to you (switching costs, rational risk aversion, fallible human psychology). A union on their side just levels the playing field. Empirically, societies that support monopoly bargaining by unions (and structurally encourage creative thinking and incentive alignment between unions and employers) have become much better places for their worst-off cohorts. Possibly not better if you're a smart and talented entrepreneur or highly skilled technologist; parts of the US are clearly great for that. But you may have to step over homeless people to get to work. |
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Both sides face similar issues related to terminating their mutually agreed to relationship.