4 ms·
Actually you should pay a wage that clear the market. Not that different from the price of tomatoes. Moreover, if you cannot pay market clearing wage (I.e. can
by streetcat1 5y ago
Actually you should pay a wage that clear the market. Not that different from the price of tomatoes.
Moreover, if you cannot pay market clearing wage (I.e. cannot make a profit after employee costs), you should close your business.
What you see are businesses that exist as an arbitrage on employee salary - I.e. paying less than the market rate to put the profit in the owner pocket.