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by Aurornis 19 days ago
> but companies are actively using their power and influence to affect the market rules so they can get away with paying workers less and less - that's not to mention collusion and corruption.

What do you mean? Labor is a market. Companies can’t force anyone to work for them. If the pay gets too low, people leave for other companies or jobs.

3 comments

Just like all markets, the labor market isn't an immutable natural structure. It is actively shaped by the laws and regulations of the market's respective physical location. There are too many specific examples to count, but a few of the most obvious ones are IMO: Child labor, minimum wage, max. working hours and/or overtime, worker safety & health, ...

> Companies can’t force anyone to work for them. If the pay gets too low, people leave for other companies or jobs.

In an ideal world, sure! But in the real world, there are many sources of friction that - when added together - keep people tied to a job, even if they feel the pay is too low.

Markets are social constructs, not something given in nature. As such, there are rules enforced by laws to how the markets operate. Powerful money interests can shape those rules by influencing politicians to pass laws in their favor.
Ah yes, the free labor market, where for some reason we’ve given one side a monopoly on whether you can see a doctor without going bankrupt.