Quote:
Originally Posted by BoLevi
It's not temporary.
The number of minimum wage workers in Canada is about 10% (it varies, but that's a reasonable number).
So 90% of the workers in Canada earn more than minimum wage. If the power balance of wage negotiations was universally held by the employers, then all employees would be driven to minimum wage. The fact that 90% of the workers in Canada can demonstrate either a little bit, or a lot of, pricing power for their wages confirms that employers don't have a hegemony.
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I think that people give up that power in exchange for shelter though. Once you have a mortgage without a year of survival money you have effectively transferred that power back to the employer.
Actually you dont even need a mortgage. If you don’t have 6 months - 1 year of living expenses then you have transferred that power back to the employer.