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by const_cast
392 days ago
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> How is closing the business better than hiring people at shitty wages they are happy to accept? Because it brings down the market value of said person, basically ensuring they can't make a livable wage. These companies are cheating, in a way. They're paying well below market value for the labor because of asymmetrical power. Those people are working two or three jobs to make ends meet - so, their employers aren't paying what the labor actually costs. They just get the labor at a discount because employees have zero negotiating power. It's sort of like getting a vacuum for 15 dollars because when the vacuum salesman rang my door, I held him a gunpoint. |
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Employees have tons of negotiating power on this country. Unemployment rates are consistently close to structural minimum. There certainly are times when employers have monopsony power but there haven’t been any recently.