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You have an odd definition of "utterly evil". By my measure, the most "utterly evil profit maximizing business" would prefer to externalize the costs of employm
by rndmize 14y ago
You have an odd definition of "utterly evil". By my measure, the most "utterly evil profit maximizing business" would prefer to externalize the costs of employment as much as possible by not paying for healthcare and paying employees as little as possible. Surprisingly, it seems that Walmart does something along such lines[1]. There are other business strategies that might approach utterly evil, like child labor in third world countries, or sweatshops, or paying no attention to physically/medically dangerous working places/conditions, but somehow I don't really find supporting a higher minimum wage to be one of them - especially when that business has continually ignored calls from Wall Street to increase its profitability at the expense of its employees.
[1] http://www.politifact.com/truth-o-meter/statements/2012/dec/06/alan-grayson/alan-grayson-says-more-walmart-employees-medicaid-/ http://www.politifact.com/truth-o-meter/statements/2012/dec/...
- kevinpet 14y agoThat's an overly narrow view. I start with the assumption that Costco has already found the optimum wage to pay their employees. It's a rare business that does well by mistreating their employees. I'm trying to emphasize that this has nothing at all to do with any altruistic motives and is entirely consistent with profit maximization.