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In reply to the discussion: "Sorry, It's Not a 'Law of Capitalism' That You Pay Your Employees as Little as Possible. It's..." [View all]Hippo_Tron
(25,453 posts)I think that the law of capitalism is that you pay your employees as little as you can and still sleep at night. For some people, that's a lot higher than others.
If your business has fallen on hard times and you need to pay low wages to survive, at least in the interim, it's one thing. If you have an extremely profitable business and a sizable percentage of your employees are living off of government assistance or if you won't raise the price of your pizza a whole 14 cents to provide your employees with healthcare, it's another thing.
The Mitt Romneys of the world who run the vast majority of the corporations we're talking about aren't reasonable compassionate human beings. They have a Ferangi-like obsession with acquiring more and more profit. Even if the Democrats obtained supermajorities in congress for the next two decades, the Koch Brothers' great great great great grandchildren would still never have to work a day in their lives. Obsessively trying to defeat every regulation or tax increase that could possibly cost them a nickel, isn't required for their enterprise to prosper. They do it because they get satisfaction from it.
Plenty of businesses can and do profit just fine without paying their employees as little as they possibly can.