Market demand

On the demand side of each labor market are all the private firms plus various nonprofit organizations such as government which all actively compete for workers of a particular skill or trade. The demand for labor on the part of the private firms is derived from the demand for the good or service produced by the firm. The private firms have as its primary goal the maximization of profit and its demand for labor arises only to the extent that labor as a factor input is necessary to the production of firm’s product. 

This goal of profit maximization motivates the private firm to economize on labor as much as possible (i.e. Verizon - when its blue collar employees walked out) and to seek out those workers who are likely to be the most productive and efficient and who will work for the least remuneration. Given the wide range of products and services produced in the economy and the great diversity in skills and training that such production requires the demand for labor among private firms is quite heterogeneous.

The supply side of each labor market is comprised of all the individuals who are working or looking for work. Just as the demand for labor is derived from the demand for the private firm’s product the supply of labor is derived from the individual’s or household’s demand for income to purchase the goods and services produced by the private firm’s. Much as with the private firm the individual blue collar employee is motivated by self-interest and the desire to maximize his or her well-being to seek out the type and location of work that yield the highest return. That is an aspiration of every blue collar across the board based on that we the TWU Local 100 members deserve and are entitled to a wage raise. 

It is a fact TWU Local 100 members are the most productive in the nation - we move New York.