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Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.Yes, and that is why there are laws against cornering any commodity market. Except against cornering the labor commodity. Now why is that?
So you think ALL labor is part of the same market?
You think that the labor of a neurosurgeon is equal to that of a night watchman?
People SELL their labor to an employer of their own free will. The price they get depends on how much their labor is worth in the marketplace
So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
I know! It’s all good though, a few more years of robot development and then the biz owners won’t even need workers. They can sit on their lazy butts while R2D2 gets our corporate masters paid!!Maybe we could pay employees more than companies profit in a year!Just think if child labor was legal and we could pay them a dollar an hour... think how many jobs could be created and how fast businesses would grow!https://www.foxnews.com/us/restauran...for-bankruptcy
Well, imagine that .
That's what will happen when sources demand that unskilled/uneducated employees get these kind of wages. These current politicians (4 freshman congresswomen) are demanding minimum wages be raised across the board & free health care along with other freebies for all.
That would workout great for America!
Fuck those greedy paycheck creators!
And we all know business exists to give out jobs. Its why these lazy business owners started businesses!
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.So you think ALL labor is part of the same market?
You think that the labor of a neurosurgeon is equal to that of a night watchman?
People SELL their labor to an employer of their own free will. The price they get depends on how much their labor is worth in the marketplace
So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
Of course it is when they have no other optionsIn most cases they are, but in some cases there definitely is vulnerability issues where the temptation to exploit labor does arise, and is found on occasion. It best to punish the bad players quickly, and protect the good ones by doing so.Right now they are profiting off of artificially low wagesOur taxes are subsidizing their low wages right now
The more people you want to support, the more it's going to cost. Hiding the cost by forcing employers to pay artificially inflated wages is a false hope.
No they are payng wages that reflect the skill level and the contribution employees bring to the business they work for.
It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Hehehe! Indeed, they don't exist because they are dead. Now let's kill the oil market too the same way. HeheheSince there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
That is my point, there is no such thing as a cornered market.
Of course it is when they have no other optionsIn most cases they are, but in some cases there definitely is vulnerability issues where the temptation to exploit labor does arise, and is found on occasion. It best to punish the bad players quickly, and protect the good ones by doing so.Right now they are profiting off of artificially low wagesThe more people you want to support, the more it's going to cost. Hiding the cost by forcing employers to pay artificially inflated wages is a false hope.
No they are payng wages that reflect the skill level and the contribution employees bring to the business they work for.
It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Low skilled workers have minimal bargaining power. Makes it easy to exploit them
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
That is my point, there is no such thing as a cornered market.
Hehehe! Indeed, they don't exist because they are dead. Now let's kill the oil market too the same way. HeheheSince there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
That is my point, there is no such thing as a cornered market.
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
That is my point, there is no such thing as a cornered market.
There is when a government nationalizes something and eliminates any competition.
Of course it is when they have no other optionsIn most cases they are, but in some cases there definitely is vulnerability issues where the temptation to exploit labor does arise, and is found on occasion. It best to punish the bad players quickly, and protect the good ones by doing so.Right now they are profiting off of artificially low wages
No they are payng wages that reflect the skill level and the contribution employees bring to the business they work for.
It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Low skilled workers have minimal bargaining power. Makes it easy to exploit them
But are they even being exploited?
As i have stated here, many if not the vast majority of min. wage employers have pretty thin profit margins. They can't just pull $$ out of their ass and pay 30%-40% higher wages. Your average Grocery story is making less than 5% margins. Fast Food can be less than that.
Where does that money come from?
The consumer.
And who is the #1 consumer of fast food?... low income.
Minimum wage hike bankrupts company.
… unskilled/uneducated employees get these kind of wages.
It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Yes, and that is why there are laws against cornering any commodity market. Except against cornering the labor commodity. Now why is that?
So you think ALL labor is part of the same market?
You think that the labor of a neurosurgeon is equal to that of a night watchman?
People SELL their labor to an employer of their own free will. The price they get depends on how much their labor is worth in the marketplace
So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
There is no way to corner the market on any one single skill so no I don't agree with you.
Employers do not create the labor market they buy labor from it.
YOU create and control your own labor market by gaining a set of skills and selling those skills to an employer who is shopping for employees.
People don't create labor markets, because they don't invest into learning skills that no employer wants. Conversely, if an industry consolidates to a single or very few employers in a skill set, then it corners that skill market. For example, this explains why there has been no more Mozarts born in the music industry, but endless low skill pop music reproduction instead.
No one can corner the labor market.a cornered market is no longer a market, it is a pre-arranged deal wheel.It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Yes, and that is why there are laws against cornering any commodity market. Except against cornering the labor commodity. Now why is that?
So you think ALL labor is part of the same market?
You think that the labor of a neurosurgeon is equal to that of a night watchman?
People SELL their labor to an employer of their own free will. The price they get depends on how much their labor is worth in the marketplace
So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.So you think ALL labor is part of the same market?
You think that the labor of a neurosurgeon is equal to that of a night watchman?
People SELL their labor to an employer of their own free will. The price they get depends on how much their labor is worth in the marketplace
So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
Everyone always has options.Of course it is when they have no other optionsIn most cases they are, but in some cases there definitely is vulnerability issues where the temptation to exploit labor does arise, and is found on occasion. It best to punish the bad players quickly, and protect the good ones by doing so.Right now they are profiting off of artificially low wagesThe more people you want to support, the more it's going to cost. Hiding the cost by forcing employers to pay artificially inflated wages is a false hope.
No they are payng wages that reflect the skill level and the contribution employees bring to the business they work for.
It is not possible to exploit employees who willingly agreed to work for an agreed upon wage.
People sell their labor to an employer. would you say a person selling any commodity exploits those who freely and willingly purchase that commodity ?
Low skilled workers have minimal bargaining power. Makes it easy to exploit them
Yep,
Some jobs are only worth so much… Political correctness doesn’t know it’s ass from a hole in the ground when it comes to economics
How much do you pay an employee that makes you all of your money?
None of them do. All the units of an organization contribute to the bottom line. If they don't, they get cut.
Non-answer. Again; How much do you pay an employee that makes you all of your money?
You pay him less than the amount he contributes to the bottom line. The premise of your question is false, because no employee makes a company all of its money.
Without employees the company would fail to exist.
https://www.foxnews.com/us/restauran...for-bankruptcy
Well, imagine that .
That's what will happen when sources demand that unskilled/uneducated employees get these kind of wages. These current politicians (4 freshman congresswomen) are demanding minimum wages be raised across the board & free health care along with other freebies for all.
If you can’t survive without exploiting low skilled workers, you don’t deserve to stay in business
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.So you agree with me then. If a single employer corners the entire marketplace of a skill, then the value of that will be zero, including the skill of the neurosergon. Therefore the laws that I mentioned above for protecting commodity markets still should apply.
No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
You don't understand that employers are not producers of labor they are consumers of labor. A consumer cannot corner a market.
Can one person corner the market on cars? Not unless he can buy every single car that has ever been made and will ever be made.
See the difference?
Since there is no protection against cornering labor/skill markets, they stop existing pretty fast after they are cornered. But here is an example. Very soon after Texas Instruments and Linear Technologies cornered the power supply market, power supply designers died out, and now you have to go as far as China, to get power supply design support.a cornered market is no longer a market, it is a pre-arranged deal wheel.No it wouldn't, to maintain the market, you still need skill to keep any potential competition at bay.
Can you give me an example of a cornered market.
You don't understand that employers are not producers of labor they are consumers of labor. A consumer cannot corner a market.
Can one person corner the market on cars? Not unless he can buy every single car that has ever been made and will ever be made.
See the difference?
This is very interesting! Using the car analogy, the labor market is like the horse selling market after the invention of the car. Now that horses are no longer needed, the few that still can sell are few enough to be cornered by one guy, who can buy them all, and re-sell them, or just not buy them at all after all his competitors are bust.
