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by ElevenLathe 514 days ago
Firms are not run for the benefit of their employees (unless they are also the majority owners, which is pretty rare), so it doesn't actually matter what we prefer unless it impacts hiring (aka the cost of sufficiently useful labor) which it largely doesn't as most employees don't have pricing power on their labor (they are price takers, not price setters) and unions (the purpose of which are to give them that power) are out of the question.