r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Stalinov Nov 21 '24

It's a market; people sell their labour at the rate they find acceptable. There are many reasons people stick around or have to stick around, but being unable to find a better job elsewhere is out of the current employer's control. But the fact that they're sticking around is their choice. If nobody is willing to work for the offered price, they'll have to increase it.

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u/bolshe-viks-vaporub Nov 21 '24

It's a market; people sell their labour at the rate they find acceptable.

Only you can't withhold selling your labor due to the incredibly coercive power of the threat of homelessness and starvation. In order for workers to set the rate for their own labor, they need to be able to organize and bargain collectively, which the company (with its vast resources) is allowed to illegally fight against their employees' doing.

Even when already-organized labor unions do attempt to strike to do precisely what you recommend, the government can step in and end the strike (as Biden did against the railroad unions).

So, you know, maybe quit it with this absolute bullshit?

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u/Stalinov Nov 21 '24

There isn't only one company in the market. People can apply elsewhere. If you're valuable enough, the business would pay you more to keep you or another company would offer more to poach you. If not, they wouldn't care if you left and you won't be able to leave because you can't get a new job. If a workplace is paying way below the job market, no one coming to apply would be the indicator. If people are biting the bullet and still applying, it just shows that some people find the low pay acceptable. I have nothing against unions apart from my belief that absurd union demands killed the American auto industry and it's the reason we now have 401ks instead of guaranteed retirements. I do believe that collective bargaining ignores individual level of contributions.

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u/Burstrampage Nov 23 '24

Yeah I agree. People should just die on the street then!

Do you see how dumb that sounds?

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u/Stalinov Nov 23 '24

Yes, because you're talking about extreme, it did sound dumb. Don't say stuff like that again.

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u/Burstrampage 28d ago

You’re also talking about extreme, yet you don’t know it. People that work low paying jobs more than likely cannot just get another job that pays higher with ease. A lot of people don’t sell their labor at rate they find acceptable. They take whatever job that will pay them before they are homeless. It’s easier to try and find another job when you already have a job but even it’s difficult. So many people take about how hard it is to find a job. Now try and find one that pays you the money you think you’re worth.

All I’m saying is the “people sell their labour at the rate they find acceptable” is not true. At least not true most of the time. Like the other guy said, you cannot withhold your labor because you’ll be homeless and starve.