Your Boss Controls More Than Just Your Time

Economics as we know it has been around since the late 18th century, but the field still barely acknowledges the existence of power dynamics as a motivating force in the labor market.

Trickle-downers who oppose raising the minimum wage, for instance, will often suggest that workers who want a higher wage should simply quit their jobs and find a new employer who’s willing to pay their desired rate.

That might make sense in a simplified textbook object lesson, but it doesn’t work in the real world, where parents have to feed their children three times a day, and people who work at a manufacturing plant don’t have the funds to uproot their lives and move to another state when they want a raise.

In a perfect economic system, employers would need workers just as much as workers needed their employers.

In reality, workers are disposable and employers hold almost all of the power.

(Keep reading at Business Insider.)

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