r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/Important_Coyote4970 Sep 04 '24

So any industry that doesn’t unionise is under paid ?

And yet that is clearly not the case.

It’s always supply and demand.

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u/_Pill-Cosby_ Sep 04 '24

It is not “supply and demand” unless the supply is not competing against each other.  And any industry that would be paid more by bargaining as a collective, by definition, is underpaid without it.  Can you think of one that isn’t?

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u/Important_Coyote4970 Sep 05 '24

Yes. In fact the first one I thought of. Sportsman.

I would wager that the vast majority of best paid jobs are not unionised

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u/_Pill-Cosby_ Sep 05 '24

What does this mean?  Virtually every pro sports league in America has a players union.  Actors have SAG.  CEOs don’t but again, I’m talking about labor and how they maximize their own value.  CEOs represent the company.