That's where collective bargaining comes in. supergreedymegacorp inc only has the massive bargaining power because of its size. with collective bargaining, you take away that size advantage. Without the distortions placed on the market by state regulations, the two groups could come to an amicable arrangement, that benefited both parties.
Yes, but currently there are laws (like Taft-Hartley and even the Wagner Act) as well as other laws like "right to work" agreements etc that greatly limit collective bargaining power.
Even worse are the laws that give unions too much power, resulting in.. well, in GM.
riiight. because in an economy where workers have too much power, the rumneration scale looks like this
