"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price."
Well, there's a good reason the Mises Institute is a right-wing libertarian think tank that is very blunt about wanting to abolish social welfare and workers' rights.
This quote completely ignores real-world power dynamics and distribution of resources. The employer has capital, the employee does not. The employer can be a Fortune 500 or a mom and pop shop. Even the most highly paid employee can not exert as much political or economical power as Jeff Bezos. At a certain point wealth stops being about what you can buy and starts becoming about what decisions you can influence.
This is the reason unions exist. A Fortune 500 company's board members already engage in collective bargaining. It's only fair for its employees to do the same. And this works at almost any scale, even if at the mom and pop shop the employees may not need to formally unionize because there's few enough of them that they can organize directly.
Sorry, but that's not how the real world works, Mises is a fantasy for kids. That works for maybe contractors, and even that is muddy in cases like Uber etc. But for employees, they sell labor, not services.
Likewise, when someone owns a factory, they don't just own the physical tools and material inputs of production (which they would rent to workers), but they own (control) the whole social structure that is needed to produce, all the human relationships (workers - management - owners - customers) required for the factory to work.
That was Marx's main point, and that's why sane countries have labor laws that regulate this relationship. (But even if everybody was truly selling a service, "free market" would quickly collapse into oligopolies, as it usually does.)
> they don't just own the physical tools and material inputs of production (which they would rent to workers), but they own (control) the whole social structure that is needed to produce
Ayup. That's why when you run a small business an early lesson is that your competitive advantage isn't your intellectual property (because any larger company can come along and find a way to copy that legally) but your business relations and reputation.
"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price."