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Originally Posted by pan6467
By raising wages you raise people's work ethic. You pay people enough to live on you have loyal workers. Again, I defer to Henry Ford's "Pay your workers enough to afford your product and you have a customer for life."
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One thing to point out with THIS analogy: Henry Ford also would fire people who he found driving in a competetor's vehicle. He wanted to make sure people could afford HIS products
All of this boils down to Socialism vs. Capitalism. Either you believe people should be allowed to make certain amounts, or they should have their incomes decided by the market.