So, when company, factory owner, or who sell service/good get together, and talk how much they will charge consumer, it is price fixing.

So, I just thinking, worker are those who sell larbor. Worker band together, which we call worker union, to decide how much they should ask from their employer, seem similar to price fixing.

  • heartfelthumburger@sopuli.xyz
    31·
    1 month ago

    More like it guarantees a minimum wage. Not sure how it works in the US, but where I’m from you still negotiate your pay even if you’re a member of a union.

  • mystik@lemmy.world
    16·
    1 month ago

    Price fixing is a problem because of the power imbalance between businesses selling products, and individual consumers that need to buy them.

    Worker unions are a solution to that power imbalance.

  • kryptonianCodeMonkey@lemmy.world
    12·
    1 month ago

    Price fixing omits the consumer from the table. It is a way to strip the consumer of the power of choice with their dollar, to avoid competition in the market AND price gouge at the same time, and done so in secret to boot.

    Union negotiating includes company representation/owners. They are part of the conversation and agreement. They are a way to more evenly share power with their employers and have a say that they are otherwise not given.

    I know people like to think that a consumer spending their dollars is the same as them agreeing to the price. But when the things that they are spending their dollars on are food, Healthcare, housing, education, fuel, utilities and other basic necessities that consumers do not easily get to abstain from… that is not consent, that it coercion.

  • Noel_Skum@sh.itjust.works
    9·
    1 month ago

    Price fixing doesn’t mean setting a fair or reasonable price for your product. Price fixing is the - usually - illegal practice of artificially raising your product’s price by means of market manipulation or similar. Union wage negotiations are more a form of collective bargaining.