[nomilk]

Start with a theoretical employee who offers no value and gets paid zero. Dial up their usefulness and consider what happens. The greater the value an employee offers, the stronger their negotiation power in pay discussions. It's not more complicated than that.

[coderenegade]

Start with a theoretical employee who offers excellent usefulness and is paid accordingly. Dial down the legal protections and security and consider what happens. The weaker the security of the employee, the stronger the negotiating power of the employer in pay discussions. It's not more complicated than that.

[ausbah]

this comment is a good example of why modern economics is seen as out of touch. you start with a theoretical model then try and apply it to the world vs starting with the lived expenses of workers and building off of that