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Have you started and managed a business?
If you're passionate about this, you can start your business and run it however you wish.
In practical terms, if a business is not providing an effective wage then someone else is bound to come along and steal those employees.
Your argument only does you a disservice.
Tell me, are you willing to use a bullet to get a wage?
Why what?Why? Companies exist while inequality increases. They could pay more to employees.
Why? What happens if he/she doesn't?
Raising wages raises the cost of doing business, thus the price of the products.
Not raising the wages of employees is the same as slavery? I can see we have left the realm of rational discussion.Fine or prison. Exploitation and slavery is no acceptable.
That isn't true in practice.
How do, you haven't explained.
I don't know what your point it. But no. Democracy.
They also raise the spending power of consumers, and so the gain by employers. It stimulates the economy.
They also raise the spending power of consumers, and so the gain by employers. It stimulates the economy.
Not necessarily.
If the CEO by his intelligent decisions really does raise the profit of the company by, say, 5% and everyone else is merely doing their jobs, then he does deserve a raise and they don't, and certainly not more of a raise. He was a hero, they just participated.
I get the feeling you don't actually know what profit is. I own a business. The profit is not my salary. My salary is a business expense. The "profit" is what's left over after I've paid myself and employees, paid all the bills, paid for maintenance. The profit is the capital used to expand the company, to do more things, to add more products.
"Good pay" has to come from good business. This is not "the chicken or the egg"---there is no money to pay anyone until after the product has been produced and sold. There is no money for increased wages until after the company's income has increased.
Numerous studies have shown that raises do not increase productivity. People believe the work they're already doing is worth the raise.
Because I'm already paying them a fair wage.
If prices have gone up, they haven't gained anything. That's called "inflation."
Yes, which would help the businesses profit even more. Yet somehow, you're left believing that businesses keep them down for some sinister purpose.
Yes necessarily. Money to the richest doesn't improve the economy as much as normal people spending money.
That isn't true. It's their role to make good decisions. They aren't doing their job any more than a cleaner.
Well I guess a silly little woman wouldn't know that.
Good pay in society can produce good profit, because the money goes into society, instead of banks of useless money.
And studies show that more free time allows people to recover and be more productive.
My point is the economy in general, not your specific company.
If I can make this point: Your job is to make good decisions. You think is separate, so should enjoy extra appreciation. Am I wrong?
Why aren't we all in the stone age then?
In practice, it very much is true. If a company fails to supply its demand, that gives someone else room to come in to create the supply to fulfill that demand.
The only reason it isn't so widespread is because of the same government you beg to enforce your views, and well, the fact most labor can be done by a mere child.
How do... what?
If I decide my business is not going to abide by your law, how do you expect your law to be enforced? With rainbows? No, if someone refuses to aide by a law, they're arrested and imprisoned, and barring that they're shot.
Not raising the wages of employees is the same as slavery? I can see we have left the realm of rational discussion.
I don't think it's 'sinister'. Quote where I said that please...
I think it's because of ignorance, but primarily fear of others competing against them.
If everyone is forced to pay higher it's ok.
Why what?
Companies base wages on performance of the company (sales), employee talent and contribution and the company's position with competitors.
If a company is forced to raise wages artificially, the NOI increases. This raises the cost of the product. This makes the product less marketable and less desirable to the targeted consumer. Less units are sold. This means less production is needed. Compound this with the increased NOT from increased wages, the company makes much less money.
Thus the death spiral of the company.
Increased expenses and decreased sales is not a sustainable business model.
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