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You're looking at it backwards I'll pay exactly what the market will bear, or I'll risk going out of business. My sales is irrelevant to the question of how muc
by perryizgr8 4y ago
You're looking at it backwards
I'll pay exactly what the market will bear, or I'll risk going out of business. My sales is irrelevant to the question of how much I need to pay workers. It's the same reason why iPhone costs $200 to build and sold for $1000. Because the market is willing to bear that price, everything considered.