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When you pay less than a living wage you are not reducing the cost to produce whatever you are producing, you are using taxes as an input. If you literally cann
by drabiega 13y ago
When you pay less than a living wage you are not reducing the cost to produce whatever you are producing, you are using taxes as an input. If you literally cannot afford to pay your employees a living wage, that means it's real cost (including the taxpayer's assistance) is greater than what people are willing to pay for it and we'd all be better off if our taxes just supported that person instead of supported that person and lined your pockets.
- yetanotherphd 13y agoBut that is wrong. Suppose I invented a machine that let any person churn out $3 in gold per hour. Now suppose everyone who was currently unemployed started doing this, and collecting slightly less benefits. Would society be better of banning this machine, because it couldn't produce a "living wage"? Because this is what you are proposing.
- stefan_kendall 13y agoDon't bury the lede. You've rediscovered Bitcoin!