re: #598 ggt

This is where I get confused about Unions. If labor is setting it’s wage price, how is that different from a company setting wage price

Because the union doesn’t set it. It comes about in negotiation.

I understand there are negotiations. The company sets the price based on market & profit projections—what they think will be actual cash on hand (in theory). Labor negotiates from the “need” of the worker.

no, that is wrong. The company wants the lowest possible wage and the least possible amount of money spent on safety and the like. It’s to minimize expenditure.

Labor doesn’t negotate from the need of the laborer, but from the value of the labor. they know that the value of the labor is more than the company will ever pay for it. They are attempting to get the value the laborer is paid for as close to its real value as is possible.

Two opposing forces, that are both subjective to a great degree.

Can I ask where you formed the idea that unions negotiate based on the ‘need’ of the worker?