On the other hand:
This isn’t true. Labor unions currently enjoy historically high favorability ratings. You might be thinking of the Democratic Party, which actually is historically unpopular at the moment.
@LIRR @bern_hogan Good reminder that the LIRR unions are some of the best paid in the country and benefit from absurd work rules that cost taxpayers a ton
A lot of harm comes about if wages don’t track marginal productivity, so there is good reason to object if rent seeking by public sector unions results in a situation where driving a train pays as much as practicing medicine.
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Oh no! How dare these plebs make a good living! They must be humbled!
Counterpoint:
The logical mistake here by Chris and most neoliberals is that the worker will get to share in the upside. But that’s not generally the case. Indeed, the labor share has been falling over time, as wage growth has become divorced from productivity growth.
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Sounds like they’re working hard, right? Thing is though, LIRR has had repeated scandals about overtime fraud. And they look for ways to report massive overtime in their final years approaching retirement, massively spiking their pension payments for the rest of their lives.
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There’s a tension between two views that are often held together: that public enterprises should benefit the public and that public enterprises are jobs programs for public employees.
Of course, many of the left’s objections to our current political situation concern rent seeking (e.g., excessive military spending, corporate subsidies), but for some reason leftists seem averse to using the correct terminology.
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The moment people say “rent seeking” you know they are just spouting some neoliberal bullshit
168 of LIRR's hourly workers last year got paid more than Gov. Kathy Hochul's $250,000 salary. 25 got over $300,000.
When you complete your PhD in economics, you are given the secret to getting rich. Fortunately, I will tell you: it's just an index card that says "income > consumption, put your savings in index funds"
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The median (striking) LIRR union member makes ~2.5x the median income of a working* Long Island resident paying to take the train.
Castro: Capitalism “has solved no problems.”
Reality:
Fidel Castro giving an interview, 1991.
A reminder that if unions aren’t raising productivity, they’re unable to significantly boost wages without resorting to tactics that shield their members from competition (from, for instance, automation) but impose costs on everyone else.
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If we had to know exactly where displaced workers would end up before adopting labor-saving technology, we’d never adopt labor-saving technology (which is a reductio ad absurdum).
i’m not opposed to automation on principle, but i genuinely want to know where people who say “automate the LIRR” think those people should work next.
I’m skeptical that people wouldn’t have a say in their work without unions. From *Libertarianism: The Basics*:
Since the libs are already mad at me, I’ll poke the bear and say the anti-public-sector-union takes amount to effectively wishing for an end to the American labor movement—that’s just the reality when private sector unionization is ~6%.
I’m sure I’ll get some “yes” chad face replies and quotes, but be careful what you wish for; liberal democracy under capitalism but without unions has often been pretty politically unstable! People want a democratic say in their economic life; unions offer this. Without unions, allegiance to liberal democracy itself declines, because people feel (reasonably) without resource to have a say in where they spend a third of their lives—at work.
If you’re frustrated with the policy demands of some public sector unions, find compromises. Offer them something else in exchange! Do a little horse trading.
Better yet, reform and expand American labor law through things like sectoral bargaining so unions aren’t so often in zero-sum situations where they feel obligated to cling to existing jobs for existing members, because they don’t have a strong path to organizing new workplaces and finding good new union jobs for workers that would be displaced by, say, automating trains.
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One reason to reject this comparison is that the production of wealth is good and the production of carbon emissions is bad.
A 91% tax rate on high income brackets is a pigouvian tax on inequality. It’s meant to discourage plutocracy the way a carbon tax discourages CO2 emissions. That few people actually paid that rate was a feature, not a bug.
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All of these countries have market economies:
“A society that is free market cannot also be democratic” - Me.
Just now watching Project Hail Mary. About 40 minutes in. Haven’t seen a forward pass yet.
And yet the neo-Luddite left seeks to ban Waymo to protect these jobs.
It has become fashionable to talk about the rise of technofeudalism.
But an Uber driver is not a peasant legally tied to a lord, but simply an insecure worker forced into an unbalanced commercial contract with an exploitative boss.
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It’s strange to point to allegedly “useless” jobs to argue against capitalism, given that profit-seeking employers under capitalism have much stronger incentive to not pay for useless jobs than government officials or even members of a worker cooperative.
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From the book, Bullshit Jobs.
Your periodic reminder that the US spends far more on entitlements than defense: