This is what one-on-one relationships with our employers gets us
(where one-on-one means one worker's relationship to a chain of command, a department for compensation & benefits, ownership, board, and a network of investors & advisors coordinating on compensation, hiring practices, regulatory politics at a national level)
Unions helped Detroit autoworkers so much. I'm not totally opposed to unions but if people don't want to buy the company's product at the price it's offered for (and costs), they can't sustainably force the company to pay workers more.
“ It is not good management to take profits out of the workers or the buyers; make management produce the profits. Don’t cheapen the product. Don’t cheapen the wage. don’t overcharge the public. Well-managed business pays high wages and sells at low prices. Its workmen have the leisure to enjoy life and the wherewithal with which to finance that enjoyment.”
You mean the Henry Ford who brought in often violent internal company police to prevent unionization? I imagine there are many modern examples if not to the same degree.
> This is what one-on-one relationships with our employers gets us
Its what an economic slowdown outside of AI gets us, mostly, but yes, unbridled capitalism (with, among other things, neither unionization in the industry under consideration nor strong public protection of labor rights) magnifies that (it also, to be fair, magnifies the upswing in employment on the upward side of the business cycle, but, it also magnifies the adverse consequences of unemployment on either side.)
(where one-on-one means one worker's relationship to a chain of command, a department for compensation & benefits, ownership, board, and a network of investors & advisors coordinating on compensation, hiring practices, regulatory politics at a national level)