In a Capitalist society, wages are determined and paid based on the value given to the job by that same society and what the market can bear.
True, but only up to a point. WHen a union of an essential service like the postal service strikes, it is holding society to ransom, hoping to create enough pressure that the Government will capitulate. In years gone by, this tactic worked, and postal workers achieved benefits beyond what comparable workers in the private sector had. Was this justice or greed at work?
The proof of this is that when the Government loosened the monopoly on mail services that the posties had enjoyed previously, the private-sector workers did the job (e.g. distributing leaflets, packages) faster and cheaper. Of course, the workers got lower pay and benefits. Was this justice? Yes, by your argument, since capitalist forces determined the wages.
By extension of this logic, then, if posties are getting paid above the private-sector scale, that is NOT according to capitalist forces; it is due to the distorting influence of the postal union.
The society pays the most for what it wants the most. Think about some of the highest paid people in our society. They are actors, singers, models, and athletes. A university degree is not necessary for any of those jobs last I heard. Talent, athletic ability and good genetics go into their job descriptions. The President of the United States is paid less per year than Gisele Bundchen. But then I guess Mr. Obama doesn't look quite as good in a Victoria Secret's bra. A plastic surgeon specializing in boob jobs and botox injections makes more than say, Harald zur Hausen. Don't recognize his name? He's the Nobel Laureate who discovered the human papilloma viruses that cause cervical cancer.
The wage rate of unskilled labour is also determined by who pays the bills. Unskilled labour in the oil patch of northern Alberta and it's offshoot industries can earn between $50 and $100K a year. Why? Because the oil companies can and will pay it due to society's over consumption and excessive demand for petroleum products.
True again. The unskilled oil-rig worker is paid more than the car washer because conditions are more dangerous and harsh. It's not just because oil companies have more money that the oil-rigger gets paid well; it's because the conditions are so harsh that the companies MUST offer money to attract workers. If an employer were offering me $50K to work an oil rig, or $50K to deliver mail, I'd opt for the latter in a flash. Only with the distorting help of union strikes can the postie get as much as an oil-rig worker.
I'm glad Canada Post is going back to work. I'm sure most of the workers are too as well as management. CP is in no danger of going bankrupt and the workers can go back to earning a living, paying their mortgages and feeding their kids. Business as usual.