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taught_me_patience

(5,477 posts)
11. Here are some reasons
Mon Apr 24, 2017, 02:21 PM
Apr 2017

#1) Business is extremely competitive. Competition is fierce and consumers are picky, which makes profits margins every low for most business. It makes its nearly impossible to pay above market wages and remain competitive. Therefore, individual businesses have little power, on their own, to really affect wages.

#2) The actual market for a business needs to be huge relative to the day to day volume. A small retail store might need 5,000 customers to remain viable. Paying ten associates more would have no impact on increasing business

#3) Consumers don't actually care about high value employee service and vote with their wallets on price.

#4) Many businesses know where they stand. The person running the corner Subway franchise knows sandwich making is a low end job and not a career. They know people do not last long in the role. It is up to the individual to move on and make more money for themselves. Most business people I know are not cruel or heartless... they actually want people to succeed. Many of them will actually encourage people to move on for a better position even when it is detrimental to their business.

#5) Many business people are moderate/liberal democrats who are trying to do right to their employees.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Just a caveat... 2naSalit Apr 2017 #1
This, to me, is what massive inequality has created - HughBeaumont Apr 2017 #2
I agree. 2naSalit Apr 2017 #3
The reason they support them... Adrahil Apr 2017 #4
Definitely something to that mentioned timeline . . . . HughBeaumont Apr 2017 #7
+1 Adrahil Apr 2017 #8
Completely factually wrong taught_me_patience Apr 2017 #12
"Innovative"? PFFFFFFFFFFFFFFFFFFFFT. HughBeaumont Apr 2017 #14
Kinda hard to read, but a good post. Atman Apr 2017 #5
Their reality changes and the logic (if you can call it that) Canoe52 Apr 2017 #6
It's like in the late 80s-early 90s when minimum wage increased . . . HughBeaumont Apr 2017 #9
Greed. n/t phylny Apr 2017 #10
Here are some reasons taught_me_patience Apr 2017 #11
Both parties support automation and offshoring workers. former9thward Apr 2017 #13
Latest Discussions»General Discussion»I'm a businessperson. Wel...»Reply #11