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You're assuming society can function with only businesses that are well run enough to be able to pay a livable salary, which is quite a daring assumption even i
by Ferret7446 2y ago
You're assuming society can function with only businesses that are well run enough to be able to pay a livable salary, which is quite a daring assumption even if it's one we'd all like to be true.
- vidarh 2y agoThe problem isn't allowing functions to be carried out at a loss, but creating a situation where we reward only companies that underpay as a means to compete. If you believe it is too expensive to create jobs on the low end, then subsidize all of them, so the most efficient of those companies are not penalized. The problem is adverse incentives that make it more profitable to do things that harm society.