Yeah, as a CEO, you go to shareholders and tell them you're cutting into profits to pay the highest wages possible to your people, not the wages needed to keep them, and see how long you last.if true then everyone would now be paying the minimum wage, but on average they are paying 3 times the minimum wage. The perfect beauty of capitalism is that you must pay the highest wage possible or lose your best workers to those who pay more. Its a concept almost impossible for the liberal mind to comprehend.
No, You're not going to pay the highest wage possible to keep your best workers. Your're going to pay the lowest wages possible, if you hope to keep your're job as CEO. That's how you maximize profits.
why act stupid??? you have to have the higest wage possible or lose your best workers to those who pay more; then you go bankrupt. American workers are the richest in human history because capitalism causes huge upward pressure on wages. Did you think our high wages were caused by the Girl Scouts???