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View Diary: Largest Walkout in U.S. History of Fast Food Workers Begins in Seven Cities (149 comments)

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  •  "Value" is socially constructed and subject to (2+ / 0-)
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    flitedocnm, BYw

    negotiation. It is completely reasonable to contend that a larger share of what a customer pays should go to labor than is currently the case. It is completely reasonable to contend that customers might be willing to pay a bit more than they currently do.

    Fortunately, these jobs cannot be outsourced and the price of a McWhatever certainly has some degree of elasticity given the monopoly status of fast food chains so that the bargaining power of the workers in question is thus enhanced. High unemployment is a downside but $7.25 an hour may not prove to be much of an inducement for replacement workers to cross a picket line. We shall see.

    The frog jumped/ into the old pond/ plop! (Basho)

    by Wolf10 on Mon Jul 29, 2013 at 12:31:14 PM PDT

    [ Parent ]

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