4 ms·
I think your following the logic of the minimum wage laws. In this case however the wages are not fixed but purely determined by the market. Given that markets
by petermcneeley 8y ago
I think your following the logic of the minimum wage laws. In this case however the wages are not fixed but purely determined by the market. Given that markets are optimizers of capital allocation, if a company cannot be profitable at the current values (relating to input and output) then it should not exist.