Hacker Newsnew | past | comments | ask | show | jobs | submitlogin
Why aren't wages rising in a tight labor market? (noahpinion.substack.com)
2 points by zby on Nov 5, 2022 | hide | past | favorite | 1 comment


>>> If upward real wage rigidity exists

How many people have formal annual wage negotiations? It's rare in my experience. But imagine a law that required say two 30 minute wage and conditions negotiations one week apart every year? For every employee.

Pretty much every other input has an annual contract and a negotiation period - suppliers of everything do this.

And then imagine a private industry of agents (call them selves Trades Unions perhaps) that would block negotiate for people signed up.

(yeah why is that not a thing?)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: