An employer who pays employees more is also more able to be choosy about who they hire, and can also expect employees to be more motivated and better at their jobs, ultimately having a positive impact on their business.
Labor is only one expense among many for employers. Income from a job is often, literally, everything an employee relies upon for the entirety of their sustenance.
Labor is only one expense among many for employers. Income from a job is often, literally, everything an employee relies upon for the entirety of their sustenance.