Interesting, in real estate we are familiar with "buyer's markets" and "seller's markets".
Seems like in the labor force, a "worker's market" only comes around once in a lifetime. For most of my life it's been an "employer's market".
> Correct. People have a “no deal I’ll wait” option.
>Same as business as always had.
"business as always had" that option? Clearly they don't, otherwise they'll never cave to strikes.
Re:Why is U.S. labor supply so low?
by neilwilson on Monday December 27, 2021 @02:29AM
(#29700319)
Do they always instantly cave in to strikes? Do strikers permanently stay on strike on a barely subsistence wage?
Or do they finally come together to share the spoils of mutually beneficial activity? Which is what a market is supposed to be about.
Same as business as always had.
If we maintain that then we will have a free market in labour. Pay the price or don’t get any.
Or spend the capital automating and working out how to do more with less. It is supposed to be capitalism after all.