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n2doc

(47,953 posts)

11. But if John pays his employees more, and attracts better employees

Reply to rogerashton (Reply #8)

Sun Mar 22, 2015, 02:49 PM

Mar 2015

who stay around and generate lower training costs, better interactions with customers (who then buy more)…

The problem is stupid capitalists, who think only at one level and never consider the consequences of their actions. .

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Sorry, but it's not a 'law of capitalism' that you pay people as little as possible — it's an excuse [View all] n2doc Mar 2015 OP

K&R..... daleanime Mar 2015 #1

No, Sherman A1 Mar 2015 #2

True. Economies are driven by demand and the fuel needed for Cleita Mar 2015 #3

Adam Smith spins in his grave. enlightenment Mar 2015 #4

When I took a finance class in 1979.... steve2470 Mar 2015 #5

This captures the truth in a nutshell hifiguy Mar 2015 #6

I just read the current issue of Fortune magazine. MineralMan Mar 2015 #7

It IS a law of capitalism to pay as little as possible. rogerashton Mar 2015 #8

IMO that is a derivative = the rule of maximum ROI HereSince1628 Mar 2015 #10

But if John pays his employees more, and attracts better employees n2doc Mar 2015 #11

It is still in his interest rogerashton Mar 2015 #13

Trader Joes and Costco prove that high pay profits. ErikJ Mar 2015 #23

If that claim were true, we'd see executive salaries also going down. jeff47 Mar 2015 #12

Well, the executives pretty much set their own wages. rogerashton Mar 2015 #14

Businesses didn't always operate like this. 70 or 80 years ago business owners treated their liberal_at_heart Mar 2015 #24

I'd like to see the statistics there. eom rogerashton Mar 2015 #29

all the capitalists know it except the minarchists MisterP Mar 2015 #9

A consumer society without consumers doesn't work. Unless they can get the robots to buy stuff. Tierra_y_Libertad Mar 2015 #15

Kicked and recommended a whole bunch! Enthusiast Mar 2015 #16

It is amazing is that the Democratic Party wants to send even more jobs to Asia with TPP... whereisjustice Mar 2015 #17

Interestining Graph. smirkymonkey Mar 2015 #21

Great post Omaha Steve Mar 2015 #18

Symptom of low top tax rate ErikJ Mar 2015 #19

Yes, mathematicians using game theory have shown that HereSince1628 Mar 2015 #20

the federal government directly encourages plutocracy through several different means. Adam051188 Mar 2015 #22

No, but it is the trend of nearly unfettered capitalism.... paleotn Mar 2015 #25

I favor nationalizing health care lovemydog Mar 2015 #26

Like sharks on a feeding frenzy The Wizard Mar 2015 #27

Yet another symptom of a system in which TBF Mar 2015 #28