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A guy driving a truck might enable 10,000 burger sales in an hour. A cashier might enable 100. It's easier to raise the truck driver's wage. Raising wages and
by spywaregorilla 5y ago
A guy driving a truck might enable 10,000 burger sales in an hour. A cashier might enable 100. It's easier to raise the truck driver's wage.
Raising wages and prices can be done, of course. But if you're planning to export those goods to other countries, you've just made your products more expensive. If your goods are fungible, you may not be able to raise the price at all. Higher wages might simply make your business not viable in the context of international trade.