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It seems intuitive that a free market would lead to a "race to the bottom." In a global marketplace, profit-chasing employers will cut costs by paying workers less and less, and shipping jobs to China.
It's a reason that progressives say government must step in.
So America now has thousands of rules that outlaw wages below $7.25 an hour, restrict unpaid internships and compel people to pay union dues. These rules appear to help workers. But they don't.
"Collective bargaining" sounds good. Collective bargaining "rights" even better. Employers are more sophisticated about job negotiations than individual employees, so why shouldn't workers...
Improving Life for Workers