Bhaskar Sunkara
speaker
1,609 appearances
1 recordings
1 series
first heard Dec 2022
last heard Dec 2022
Bhaskar Sunkara’s voice in public audio — every appearance, attributed to the second.
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Maybe try the Rite Aid down the street or the Walgreens down the street or whatever.
Now, if I went to the boss at a place like CVS, or even better, if all the pharmaceutical workers at Rite Aid, CVS, Walgreens went to our bosses and said, okay,
listen, we collectively need $2 more and better hours, shorter shifts, or whatever else, then they would probably have no choice but to concede.
You have to bargain collectively at any level.
If you're an ordinary worker, and there are some exceptions, but that's for certain highly skilled workers.
But even in those cases, of course, all workers are skilled.
I mean, just the technical definition.
Even in those cases, a lot of those workers have to bargain collectively as well in order to get more wealth.
But they cannot make their demands so excessive that their firm gets out of business.
The workers only are workers as long as they're gainfully employed.
So often unions will try to select their wage demands at such a level that it ensures that their firm will stay in business.
I disagree with the premise because I think even taking your example, that would be better for society.
If a firm cannot pay its workers a living wage, but its competitors can, then that firm will either figure out a way to innovate, develop new techniques, new markets, new ways to be productive, or it should go out of business.
And it would be better for it to go out of business than to stay in business or to be artificially kept in business in any sort of way.
And yeah.
So that's the Chrysler, my old centralized bargaining.
Well, this is just a problem with a lot of capitalism, which is about short-termism, right?
Because the same thing could be said from you're starting a company, you have a plan for it to make a lot of money, but your investors want dividends right away.
So you have to...
take away from your long-term R&D or other plans and deliver short-term dividends.
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