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by chordalkeyboard
1969 days ago
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> I don't see why workers shouldn't take their opportunity to engage in tough negotiations with Amazon themselves. Because collective bargaining results in a net decrease in value because of moral hazards, perverse incentives, and agent-principal problems. |
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Nobody argues that a company having a single legal team that represents all of its managers and sets org-wide hiring policies is anti-efficiency. If you negotiate with a publicly traded company, you are engaging in collective bargaining, because public companies are collectives that represent the multiple interests of multiple stakeholders during negotiations.
Nobody argues that companies are anti-value because they restrict my freedom to negotiate a separate contract with every single member of the company's board. But suddenly it's different if the workers do the same thing.