alt Hacker NewsEmployers having to pay more than they'd prefer to pay for a given type of work/provide better working conditions does not imply "unfair exploitation" of the company by the union, either.
It's just a market reaching equilibrium. It's always weird how employees are forever to be expected to be at the mercy of market forces much greater than they are, while employers have to be shielded from them.
> It's just a market reaching equilibrium. It's always weird how employees are forever to be expected to be at the mercy of market forces much greater than they are, while employers have to be shielded from them.
It's not a market, at all. It's only possible because of federal law that prevents a business from firing employees for unionizing. If it were a market, the business would have to choose to keep unionzed workers voluntarily. The fact that they don't means it's more like the business being held hostage.
The equivalent would be employees being required by law to stay at a company they don't want to work for. Essentially indentured servitude.