I hope we’re starting to see the beginning of that. Whether they are undervalued or not.
Collective bargaining is weird. It protects the people in the collective but harms those outside of it. It changes the situation from one of “X work is worth Y dollars” to a blackmail situation of “we’ll all quit at once”. It lands on similar ethical grounds to the wage-fixing of silicon valley that affected over a million employees. Both are anti-competitive.
I think as a society we have serious opportunities when it comes to figuring out transfer of labor, etc. Capitalism seems to struggle as it naturally exacerbates wealth disparity, which enables the wealthy in a democracy to manipulate the system to their own ends. Ultimately, you end up with an oligarchy.
