steve_bank
Diabetic retinopathy and poor eyesight. Typos ...
Weaslth disparity is a serius functional issue that thetens how the economy works.It should be obvious that the market considers those skills to be in short supply. If the market were wrong at this why hasn't someone figured out how to exploit the situation?A partnership where one side holds greater power, unless of course management need skills that are in short supply.
The market doesn't 'consider' anything. The employer discovers that they cannot get people with the required skills, they then raise their rate in the hope that a higher rate of pay will attract applicants. Other companies may join in and there is competition on who offers the best deal.
A non-answer. Obviously, management skills are in short supply.
And while you are technically correct in saying the "market" doesn't consider that's only because it isn't a discrete entity but rather the combined decisions of a large number of actors. Actors that find themselves making inefficient decisions lose their place. Actors that find ways of improving upon the status quo often make large sums. Thus it is a process that strongly favors making good decisions.
You are not willing consider the answer objectively. No matter how valid the argument for the negatives of power imbalance and excessive wealth concentration, you dismiss whatever is said because it doesn't suit your defend the profits of the super rich narrative.
You keep pleading morality in an economic argument. That says you know your economic position doesn't work.That is a power imbalance in favour of employees with the right skills. They may even get more than the market value of their input.
More commonly, the power lies with the employer, who can draw from a base of job seekers without consideration of offering anything but minimum rate.
If not for protection in law or equalizing the power balance through collective bargaining, the minimum tends become slave wges, working long hours, two or more jobs just to make ends meet. Peanuts for workers while the company enjoys higher profits.
Human nature 101.
How anyone can try to defend economic disparity on such a scale is astonishing.
I don't plead anything. I just point out the economic and ethical issues associated with excessive wealth and power in the hands of a small percentage of the worlds population, and of course in the workplace. Which has been described and supported time and again...only to be casually dismissed or ignored.
owver do yiu really want 'power to the people'? That tends to mpb rule like Traumpsters.