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>Minimum wage hikes are typically a pretty direct transfer from profits to wages, with a minor increase in prices: This sentiment has always bothered me. It a
by wombatpm 9y ago
>Minimum wage hikes are typically a pretty direct transfer from profits to wages, with a minor increase in prices:
This sentiment has always bothered me. It assume that whatever "profit" exists, must continue to exist, nay increase, and that it is a zero-sum game. One could argue that paying your workers more make them eligible to purchase your products ala Henry Ford and the Model T.
- crdoconnor 9y agoThat wasn't sentiment it was just fact. Henry Ford raised wages because his staff turnover was killing productivity and because he fell out with his shareholders and decided to spite them. The man wasn't an angel. He was an anti Semite and a Nazi sympathiser ffs.