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.
why thhe way, i am smoking olong tea while having this idea, if anyone ask
Dont post topical threads if you are so inebriated you can barely type
But that’s the best time to do it.
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.
No.
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.