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Anything will “sell” if it is at the right “price”. If it isn’t selling, it isn’t at the right price! Simply put, the market is what determines the wage employ
by rekabis 6y ago
Anything will “sell” if it is at the right “price”. If it isn’t selling, it isn’t at the right price!
Simply put, the market is what determines the wage employees will stick around for. The free market doesn’t give two shits about what any employer thinks is an “appropriate wage”. If you are offering $14/hr and employees are jumping ship after their fourth day for $18/hr, no amount of complaining and bellyaching about that not being “sustainable” will change things.
Tighten that belt and make cuts elsewhere - like your own take-home, which if it’s an industry standard, is likely several multiples of that employee’s wage in order to finance a McMansion on the hilltop and a Mercedes in the garage.
Remember - if you cannot afford to pay a living wage, you cannot afford to be in business. Asking people to work below poverty wages so you can own a business is entitlement at it’s finest: you are asking human beings to use their lives to subsidize your desire to own a business. If a job is worth being done, it’s worth being paid enough to live.
- slowhand09 6y agoMany businesses exist that can't pay "living wages". That doesn't make them bad, or unworthy of existing. My wife owns a business. There were many years when she wrote herself paychecks but never cashed them. She pays better than most of her local competitors, especially for her more experienced workers. But its mostly unskilled labor that she hires. COVID cut her business demand by 90%. She has managed to hold onto 50% of her workforce.
- blaser-waffle 6y ago> That doesn't make them bad, or unworthy of existing. Yes, it does. Someone is making easy money on the backs of people who can't afford to live.
- akvadrako 6y agoThat's the beautiful part of the market economy. It supports ideas if the benefits outweigh the costs and let's ideas die if they aren't worth it.
- whydoibother 6y agoThere is no such thing as unskilled labor.