Quote Originally Posted by Renton View Post
This is what the left really wants to talk about, though. Curtailing the stupendous profits that are earned on the backs of the working class. It's an excellent idea if you have never owned nor participated in the running of a business. Businesses lose money constantly. Businesses fail every day. If only they could have "simply accepted a smaller profit margin" maybe they would still be around. When I go out today, there is a risk I will be hit by a car when I'm walking the street. If that unlikely event comes, I'll simply accept a lower profit margin and my crushed bones should heal right up.

Why can't people understand that the potential for profit in business is but one variable in a complex probability equation that only the most proficient risk-takers can safely navigate? Accepting a lower profit margin is not an option in a world where the margins become razor thin as a market matures, and in a world where not all bets result in payoffs.
I think they'd also bank on employee retention and employee productivity also being boons for the companies that raise their wages. Like Costco (quick google-fu shows Costco avg wage is 21/hr vrs Walmarts 9.