You’re being pedantic about the “10%” figure because you don’t actually want to address the point that: raising wages doesn’t inevitably torpedo profits. If your overhead goes up slightly, your profit margins might shrink by roughly the same percentage, nobody said it’s a mathematically perfect one-to-one.
The bigger picture is that investing in worker pay tends to strengthen consumer demand, which can more than compensate over time. Henry Ford’s wage increase may not have been purely philanthropic, call it whatever you want, but it’s no secret he understood that paying decent wages helped reduce turnover, boost productivity, and expand the potential market for his Model T. Pretend that’s not the case all you like; the fact remains that a more prosperous workforce generally means a healthier overall economy.
Todd, what a silly question! “What’s worse than starvation wages? No wages at all.” That’s a false dichotomy if there ever was one. It’s like saying a punch in the face is better than a bullet to the head, both are bad, and neither justifies the status quo. If your entire business model depends on underpaying people, maybe it deserves to fail rather than drag the rest of society down. We don’t exist just to prop up a handful of capitalists who can’t figure out how to operate unless they’re squeezing every dime from labor. Especially when advanced automation and AI are making many of these “owner” roles obsolete.
Why rely on a boss or an investor class to “give” us jobs when the technology now exists to radically reduce human drudgery? If the machines can do the grunt work, then we can collectively decide how to allocate resources, cutting out the parasitic middlemen altogether.
When you prioritize the public good over private profit, you don’t end up with that tired choice between “barely survive” and “utter destitution.” And if you can’t wrap your head around the idea that there’s more to running an economy than padding a CEO’s pockets, that’s on you. The rest of us see a future where democratic control of technology could ensure high living standards without forcing people into wage slavery. You keep spinning your wheels defending a system that constantly needs bailouts from the government, and thus from the workers you say should just “take it or leave it.” If that’s your best argument, you’ve already lost.