By using this site, you agree to our Privacy Policy and our Terms of Use. Close
VGPolyglot said:
I see a lot of people say how there'll be businesses that go bust if they have to pay their workers a higher wage, but the question is, is that really a bad thing? I'm sure there were businesses that relied on slavery that went bust too once it was abolished, should we have kept slavery legal to ensure that didn't happen?

Same things where said 100 years ago, when Henry Ford almost doubled the daily paychecks at the Ford Motor Company. Instead, that's where the US economy REALLY took off and mass motorisation ensued. Why you might ask? Well, because wih the higher wages, people could spend more money on consumer products, thus helping the economy of the entire country, especially after the other companies followed suit (they did so because their skilled employees left their companies in droves to get hired by Ford, and had to stop that situation asap) and raised they wages too.