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Ace, I would be more than willing to reduce my staffing costs by either laying off staff or lowing wages (if that were possible -- in the case of minimum wage, I am already in the basement).
However, this would not be my first choice. I would trust that, as a smart businessperson, I am not relying solely on one product.
Just as I would never hold my business over a barrel by putting all of my faith in one key employee (redundancy is important), I would take the same approach to my products (diversification).
I would get creative with my marketing (how do you think the marketplace manages to support such diversity? Why do we have more than one brand of toothpaste? The only real difference is marketing).
I would explore other markets and other products.
I would source new suppliers. I would outsource labour, where possible.
...and so on.
In other words, there are MANY things that can be done to save a failing business, or to build a successful one. ONE of these things is cutting labour costs (either through attrition, layoffs or low wages).
Anyone so myopic as to focus on just one solution deserves to go out of business.
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"My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars."
- Old Man Luedecke
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