> The union is worried about the flux on new plumbers but your individual plumber would be happy to be the last plumber alive in Cleveland as he could name whatever rate he wanted.
This is one of those classic economics/free market sayings that shows who wrong the theory can be. That's like saying I would be happy if I was the only guitarist or only web developer in the world, which is patently untrue. Maybe the plumber enjoys what he does, finds value in it, and wants to teach others how to do it. Maybe, god forbid, he doesn't want to make as much money as possible at the expense of others. Crazy, right? I'm glad there are other musicians and web developers, not only is the world better for it, I am better at both for it. Looking at things your way leaves so much out of the equation and ultimately leads to a conclusion that is bizarre, detached from reality, and incorrect.