If Businesses Don't Increase Revenue, They Can't Raise Wages
There’s another side to the wages debate we didn’t examine last week. We outlined we can’t support policies that allow some businesses to pay unsustainable wages while simultaneously opposing social programs designed to mitigate the consequences of low incomes. But it’s a complex dilemma, and that statement only captures part of the muddle.Let’s consider another aspect. If businesses don't increase revenue, they can't raise wages.The Philosophy of WagesThree weeks ago, we learned about John Stuart Mill in the piece, On Liberty. Mill (1806-1873) was a philosopher known for his writings on…
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