From: Erik Aronesty (erik@zoneedit.com)
Date: Sat Oct 25 2003 - 19:36:53 MDT
You proposition is that employers won't "magically" come up with more money.
Say an owner earns 5 million in profit off of labor, employing 50 people. This owner is then forced, because of unionization or populist laws, to pay everyone an extra 20,000 per year.
The owner now earns 4 million.
The money comes out of the profits for the owners of a business.
If the employees demand too much, then the emploer may seek other lines of business, or become disincentivised.
If there is no unionization or law, then there is nothing to prevent employers from colluding to uniformly lower salaries, raise prices, and form monopollies.
There must be balance and the balance is achieved within the will of the wealthy balanced against the contentedness of the masses.
The truth is that the entire world is a Motivocracy.
And for COV to be a big player in the game of society and politics, motivation is what we must provide.
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