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 Originally Posted by rong
It's never an option for the business owner to accept a smaller return though, right?
No, it's not, because that's what they count on to begin with. It affects the odds of the business ever existing in the first place. I'm not saying there wouldn't be businesses in a society with draconian wage laws, im just saying there'd be significantly less of them, with less employees and more money pumped into capital. In order to pay an worker far more than his time is worth, you have to have loads of capital supporting that worker and fewer workers overall.
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