return2ozma@lemmy.world to News@lemmy.world · 2 days agoFrom fast food to beverage giants, brands see rising income inequality among customerswww.nbcnews.comexternal-linkmessage-square8fedilinkarrow-up177arrow-down12
arrow-up175arrow-down1external-linkFrom fast food to beverage giants, brands see rising income inequality among customerswww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 2 days agomessage-square8fedilink
minus-squarebeella@lemmings.worldlinkfedilinkarrow-up3arrow-down1·edit-22 days ago instead of by paying their executives less and their employees more. Couldn’t they just lower their prices and make less profit? Why do we always jump to paying employees more, when that just gives other businesses an excuse to charge more?
minus-squaresome_kind_of_guy@lemmy.worldlinkfedilinkarrow-up6arrow-down1·edit-22 days agoBecause employees turn around and spend that money. Especially at lower incomes. Businesses need customers, they don’t operate in a vacuum.
minus-squarerothaine@lemmy.ziplinkfedilinkarrow-up5·2 days ago Couldn’t they just lower their prices and make less profit? Literally illegal. Shareholder primacy and the Friedman Doctrine. https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
minus-squarekillea@lemmy.worldlinkfedilinkarrow-up2·2 days agoBeen there. Read that article to the end. It’s more about straight up cultural narcissism and less about legal precedent. AND its hurts them because it hurts the economy. Good for no one.
Couldn’t they just lower their prices and make less profit?
Why do we always jump to paying employees more, when that just gives other businesses an excuse to charge more?
Because employees turn around and spend that money. Especially at lower incomes. Businesses need customers, they don’t operate in a vacuum.
Literally illegal. Shareholder primacy and the Friedman Doctrine. https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
Been there. Read that article to the end. It’s more about straight up cultural narcissism and less about legal precedent. AND its hurts them because it hurts the economy. Good for no one.