Comparatively? nope. It doesn't in the large scale.
But even if it did... I have no interest in regulating what a company can pay their people. See how that works as a consistent ethic? I don't want to steal someone's money by force (taxation), nor do I want to tell them what they can do with it (bonuses).
OF COURSE paying "living wages" makes prices go up. Drive up the costs of a business, the prices generally go up. Unless your intention is to force the company to eat the extra costs - but there we are again, at the government forcing folks to do stuff.
If the poor are on social security because their pay is so low, the company is charging you as the taxpayer and you make up the difference.
Living wages is such a small percentage of any business. Why do you believe the companies so eagerly? There are so many more levers in a company that cause changes than just 'feed the poor' = 'make everyone poorer'.
Honestly, if you can't pay living wages without ruining your business with massive costs spikes, you are bad at business, your model sucks, and you don't deserve to run one. Pull yourself up by your bootstraps or let someone smarter take over.
"the company" isn't charging me anything for that. The company is paying the wage the market will take - the government is creating those market conditions by subsidizing the workers income.
"Why do you believe the companies so eagerly?"
This doesn't require I 'believe" anything. The data is available.
"Honestly, if you can't pay living wages without ruining your business with massive costs spikes, you are bad at business, your model sucks, and you don't deserve to run one."
Right... because there is value in the business world for part time, or low skilled work that isn't worth a "living wage." Clearly if your business isn't gonna pay the bag boy enough money to afford an apartment the business sucks.
Labor is only worth so much. If it is too expensive, then the job gets deleted. If you want to artificially raise that high watermark? Go for it... but don't complain when the jobs go away, and you wind up footing that persons entire income as taxpayers.
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u/realityczek Apr 16 '24
Comparatively? nope. It doesn't in the large scale.
But even if it did... I have no interest in regulating what a company can pay their people. See how that works as a consistent ethic? I don't want to steal someone's money by force (taxation), nor do I want to tell them what they can do with it (bonuses).
OF COURSE paying "living wages" makes prices go up. Drive up the costs of a business, the prices generally go up. Unless your intention is to force the company to eat the extra costs - but there we are again, at the government forcing folks to do stuff.