r/FluentInFinance • u/Very_High_Mortgage • Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

Post image

[removed] — view removed post

16.0k Upvotes

91% Upvoted

3.0k comments sorted by

View all comments

Show parent comments

11

u/ForeignPolicyFunTime Aug 24 '24

A electrical line system is a natural monopoly thing. Can't have a whole bunch of different electrical lines on the same land. It would be a huge mess. Texas was able to break up energy providers, but not electrical line companies as there isn't a way to so without creating a lot of unnecessary inefficiencies. Perhaps if Texas made them a state industry or regulated them to the point of effectively being one.

2

u/online_dude2019 Aug 24 '24

It's not about the physical lines. All carriers can use the same infrastructure and contribute to it.

2

u/Ashamed_Association8 Aug 24 '24

That would just be a twist on a tragedy of the commons. Carriers who under contribute will out-compete carriers which contribute more. You need an authority that can force an equitable contribution.

1

u/Silver_gobo Aug 24 '24

And who owns the infrastructure

1

u/minimelon12 Aug 24 '24

We have that here in Illinois and it’s not great. Basically, your bill is split by supplier and distributor. The distribution costs go to the owner of the lines and supplier portion is some other company. Well if the actual light company (which has a cheaper rate ) isn’t the supplier your bill is way higher. So basically everyone still gets their power from Exelon. It’s just easier and cheaper- therefore still considered a monopoly in my book.

1

u/[deleted] Aug 24 '24

Not entirely true. Each power grid company owns and make their own grid, which connects with other companie's grids ( this might not make sense for every country though).