It is perfectly possible in a competitive market to have terrible work conditions. While the average conditions tend to improve over time, not all workers are in a good bargain position viz-a-viz employees. There are information assymetries, transaction costs for changing jobs, short-term biases, market failures and a lot of other issues in the real world.
This view also assumes that skills are perfectly replaceable, that there's no cost for requalifying for another profession, and that this is instantaneous or that people have some magical way to offset the opportunity costs of requalification while they train for another job.
The problem nowadays (and this is not exclusive to HN, although it is especially salient here) is that people like to fall between two ideological extremes: Either that the government is a inherently neutral and benign all powerful institution 100% of the time, or that free markets always exist, and are always pareto-efficient and that governments action is always some sort of rent-seeking parasite.
In the real world things are a lot more complicated. Not every thing can be solved with the heavy hand of government, neither the market itself is always able to reach the most humane solution. Politics is still needed, and we haven't reached the end of History.
> This view also assumes that skills are perfectly replaceable, that there's no cost for requalifying for another profession, and that this is instantaneous or that people have some magical way to offset the opportunity costs of requalification while they train for another job.
It does not assume any of these things. The cost of switching jobs is not required to be zero. What it does is provide a ceiling for what the existing employer can get away with.
They may be able to get away with paying you 5% below market or subjecting you to an inflexible schedule and it isn't worth changing jobs to one that doesn't do that, but if they try to make you use equipment that will kill you then you just walk right out the door.
Moreover, this is why a competitive market is important -- if you're qualified to be a steel worker but the steel industry is a monopoly, you can always learn to be an aircraft mechanic, but that takes time. Whereas if the steel industry has 10,000 companies in it, you go and work for one of the others using your existing skill set. Which reduces what employers can get away with.
This view also assumes that skills are perfectly replaceable, that there's no cost for requalifying for another profession, and that this is instantaneous or that people have some magical way to offset the opportunity costs of requalification while they train for another job.
The problem nowadays (and this is not exclusive to HN, although it is especially salient here) is that people like to fall between two ideological extremes: Either that the government is a inherently neutral and benign all powerful institution 100% of the time, or that free markets always exist, and are always pareto-efficient and that governments action is always some sort of rent-seeking parasite.
In the real world things are a lot more complicated. Not every thing can be solved with the heavy hand of government, neither the market itself is always able to reach the most humane solution. Politics is still needed, and we haven't reached the end of History.