That make be true in theory, but it's very unlikely in practice. Even more so when you consider that a single employee has no leverage.
That's no theory. That's how it works in practice and there's plenty fo evidnce for it. Have you never seen a job application that said something like 'starting pay based on experience'? The leverage of the individual is manifested every day in job interviews. A person gets a job over someone else because they had leverage someone else didn't. The same applies once your hired. A manger has a group of people that work under him, but a couple are more productive then the rest. Knowing this those couple employees ask for a raise because they can argue they're more productive than some of their co-workers. That's their leverage. The manager than has to decide whether to grant the raise based on many factors. Can this productivity be easily replaced? Will the employee simply leave if the raise is not granted?
Individuals have all kinds of leverage. But this is the most frustrating part of the argument with libs. They simply refuse to place accountability on the individuals for which they advocate. This decrease in wages over time? There is absolutely NO WAY that can have anything to do with the changes in attitude of the the very people in that labor force you're advocating for, is there. This can't have anything to do with a society that feels increasingly more entitled to a certian standard of living, can it. Despite the fact it makes perfect sense. A group of people believes an outcome should simply be given to them as opposed to outcome that was previously worked for by the individual. Since the individual believes they are entitled to said outcome they put forth no effort to acquire it. The business world meanwhile has not adopted this mentality. Employers have not agreed with these people that wages ought to be based on what a person needs to acquire x standard of living. They continue to base the value of labor on market factors and individual productivity. As a result wages went down because labor decided to settle for what they could get without extra effort rather than put forth the extra effort to achieve the outcome they want.
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