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naming_the_user | 10 months ago
Wages and hours for low level jobs feel like a distraction, barely anyone needs more toys, the issue is that the necessary items for life are monopolised.
So from my perspective the only thing that labour regulation can achieve is to basically just compress that experience, we still won't build more housing or make it easier to do so etc.
const_cast|10 months ago
They’re related. Unions aren’t just labor movements, they’re efforts to reduce the power of corporations.
Monopolies form because they make a lot of sense for the people on top. Competition is cool, but mostly a fools errand. The true winners know how to work together to widen the gap between their in-group and everyone else.
What’s evident to me about market theory is that it naturally tends to monopolies. To me, it is human nature. So therefore, we need extra structures, extra systems, to keep it in check.