[ArtB]

> Jobs aren’t for financially sustaining you—they’re for financially sustaining us.

That is the crux. I feel like most businesses actually don't produce enough value to justify their own existence and therefore require below cost-of-living wages to keep them afloat.

[yossarian1408]

Well when you take into account GST, income tax their employees pay, corporate tax, payroll tax, import&export duties (and every business up and down the supply chain has the exact same tax burden), there is not a lot left over for the business or the employees.

The reason businesses exist is for creating profitable returns on capital investments. W/o profit, you simply do not have jobs in the first place.

[wilde]

Whoever runs the company is currently taking it all. Not the gov’t or employees.

https://www.epi.org/publication/ceo-compensation-surged-14-i...

[jkhdigital]

I tried and failed to find a relevant statistic, but I’m pretty sure total CEO compensation is not “all” of net corporate profits.

[smabie]

If they didn't justify their own value they would be out of business.

[jkhdigital]

No, it’s just that globalization means that laborers in wealthy countries who expect a high standard of living are indirectly competing against laborers in poor countries who expect a relatively lower standard of living. It’s just competition and expectations.