Why Nostr? What is Njump?
2023-08-06 20:06:16
in reply to

🎓 Doc Freemo :jpf: 🇳🇱 on Nostr: npub1jmae6…50as2 "control the price point of their work" is not the same as "price ...



"control the price point of their work" is not the same as "price fixing".

Controlling the price of your work is what you do when no unions exist and you decide what price point you will work at and reject jobs below that point, and accept jobs above it.. This is controlling what price you work at but it is **not** price fixing.

Price fixing is where you manipulate the market to get a price that is contrary to market value but controlling all or most of the thing being priced. Unions artificially coordinating to raise their salary beyond the market value by creating artificial scarcity (striking) is price fixing.

The same is true of companies. Individual companies choosing to sell a product at whatever price they want is not price fixing, that is just controlling the price they are willing to accept.. When companies create coalitions and all agree to a fixed price regardless of market pressures to artificially inflate a price (and create artificial scarcity) then that is price fixing.

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npub1ztdf3gaxd768ks6jdvdjg853ma3jhl2qtrw9xeyn3hyn9l5nzyvq5enwdy