When every company lowers its employee's wages, the pool of people with cash to buy products from companies is decreased. Which is bad for business in general. Meanwhile, those people with reduced cash still need food, shelter, medicine and if they can't afford them then either they die or everyone else picks up the tab. It does appear that the sane (and humane) thing to do is to just pay people well.
1 comment
[ 3.6 ms ] story [ 7.6 ms ] thread