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rogerashton

(3,920 posts)

13. It is still in his interest

Reply to n2doc (Reply #11)

Sun Mar 22, 2015, 02:55 PM

Mar 2015

to pay the very least that will attract the better employees. It can pay to have a reputation for generosity, but it pays better if you get it cheaper!

Now, I admit that is a difficult tightrope to walk. But who said it was easy to be a capitalist?

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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