YES, BUT RECOGNIZING THIS PRODUCES INSUFFICIENT OPPORTUNITIES FOR GRAFT: Worker Bargaining Power Comes Chiefly From Employers’ Competition for Workers. “Workers’ bargaining power ultimately is tied positively to workers’ alternatives: the greater the number, and the better the quality, of a worker’s employment options, the stronger is that worker’s bargaining power. If many different employers are competing for your services – each by offering you good pay, good benefits, and good work conditions – you as a worker have splendid bargaining power. It follows that government interventions that reduce the creation of good jobs – that is, interventions that reduce firms’ incentives to create better opportunities for employing human labor – reduce workers’ bargaining power.”
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