from our perspective it is hard to see.
Yes it’s also hard to use examples from other times/places, because we can cherry pick, and anyway we never have the full context.
Have you ever tried to negotiate with an employer? Try saying “here are the wages and conditions I’m proposing. take it or leave it.” It’s the employer who has the power in the relationship, that he can do exactly that. Most of the time, it’s easy for an employer to replace employees, but it’s hard for an employee to find another job. Even worse - an employer being one man down is not a problem, but being unable to find a job, even for a short time, is a disaster.
That’s why employers can often negotiate new workers down to long hours, at below minimum wage.
There are other solutions to this problem apart from minimum wage - cooperatives, unions, etc. But min wage is the conventional one.
minimum wedge produce unemploiment
This is also an interesting and complicated issue. You could discuss for hours whether that’s true or if the opposite is true. IMO it can work either way, depending on the exact industry and economy you’re talking about.
“Yes it’s also hard to use examples from other times/places, because we can cherry pick, and anyway we never have the full context”
Right! That why exchange between totally oposit or different minded people helps to broat the hole picture
(Don’t know how you quote correctly here)
“Have you ever tried to negotiate with an employer? Try saying “here are the wages and conditions I’m proposing. take it or leave it.” It’s the employer who has the power in the relationship, that he can do exactly that”
Mmm don’t be so sure, is good to consider that we people are really risk averse animals, different studies have shown that(don’t remember right now the titles but I can look it out) we tend to think the worst case (example: me negotiating my wadge and my boss saying just “No” and easily replacing me)
But in a context of the market, fring you isn’t a painless move because if someone choosed you for a job before anyone else it means that choosing other wolud have been sub optimal, so if your boss gets rid of you is loosing that difference in confort/performance/confidence in your work/… he is certainly loosing something thoug maybe not that much as you, but is still an incentive to keep cooperating with you.
Employers tend to be the visible face and the responsable for meeting the production goals so one man down may be critical, on certain cases, is the difference between meeting the goals or not or loose a client. Certainly is no a 1 to 1 ratio in the negotiating power, but are at all times strong incentives to cooperate and become more usefull for others you can negotiate a better wadge if you are the better at some really usefull task, and so on)
Nice exchange of ideas, hit me with a DM if you want further discusion on the topics 👍
Have you ever tried to negotiate with an employer? Try saying “here are the wages and conditions I’m proposing. take it or leave it.” It’s the employer who has the power in the relationship, that he can do exactly that. Most of the time, it’s easy for an employer to replace employees, but it’s hard for an employee to find another job. Even worse - an employer being one man down is not a problem, but being unable to find a job, even for a short time, is a disaster.
That’s why employers can often negotiate new workers down to long hours, at below minimum wage.
There are other solutions to this problem apart from minimum wage - cooperatives, unions, etc. But min wage is the conventional one.
“Yes it’s also hard to use examples from other times/places, because we can cherry pick, and anyway we never have the full context”
Right! That why exchange between totally oposit or different minded people helps to broat the hole picture
(Don’t know how you quote correctly here)
“Have you ever tried to negotiate with an employer? Try saying “here are the wages and conditions I’m proposing. take it or leave it.” It’s the employer who has the power in the relationship, that he can do exactly that”
Mmm don’t be so sure, is good to consider that we people are really risk averse animals, different studies have shown that(don’t remember right now the titles but I can look it out) we tend to think the worst case (example: me negotiating my wadge and my boss saying just “No” and easily replacing me)
But in a context of the market, fring you isn’t a painless move because if someone choosed you for a job before anyone else it means that choosing other wolud have been sub optimal, so if your boss gets rid of you is loosing that difference in confort/performance/confidence in your work/… he is certainly loosing something thoug maybe not that much as you, but is still an incentive to keep cooperating with you. Employers tend to be the visible face and the responsable for meeting the production goals so one man down may be critical, on certain cases, is the difference between meeting the goals or not or loose a client. Certainly is no a 1 to 1 ratio in the negotiating power, but are at all times strong incentives to cooperate and become more usefull for others you can negotiate a better wadge if you are the better at some really usefull task, and so on)
Nice exchange of ideas, hit me with a DM if you want further discusion on the topics 👍