RE: The Law of Unintended Consequences Will Kick You In The Balls Every Time
March 11, 2017 at 12:33 pm
(March 11, 2017 at 12:31 pm)johan Wrote: And its amazing how often those solutions seem to involve some form of just pay your employees more and problem solved.
Both approaches have consequences. Paying less reduces consumer power. Paying more can lead to inflation. But paying less and less, as is the standard right now, has to lead to less consumer power at some point, hence less demand.