[quote=no_such_reality][quote=livinincali]
Think about the other side of the balance sheet for a little bit.[/quote]
Businesses and society clash on externality. Particularly of costs.
Can and should the Government force you to have a catalytic converter on your car exhaust?
The car would be cheaper if we didn’t have them.
Low wages are the same as the pollution coming from the car. The argument isn’t that the laborer is doing something that deserve more, the argument is that if the product or service cannot be produced unless it uses sub-living wages, then as society, we’re better off without it.
Obviously, few here would think I should be able to produce a product and pollute whilly-nilly. If I can’t produce it and create value to make a profit to cover the necessary pollution abatement, we shouldn’t do it.
Paying the workers a sub-living wage is just externalizing the real costs of your product and allowing you to practice predatory pricing against a business that isn’t externalizing the costs of having employees.[/quote]
