Lowering wages can help companies cut costs and reduce product prices. Right now, if you’re paying $50 for a worker and workers are barely active, you have to sell grain at a higher price just to make money.
But if we lower wages, production costs go down, and we can sell grain at a lower price while still making a profit. This makes grain more affordable for everyone and helps smaller companies compete.
It’s not about making things harder for workers, It’s about balancing the market so businesses can grow and prices stay fair. Let’s find a wage that works for everyone and keeps the market healthy.
the problem is : for a company a worker produce 147.3 Kg of Grain, Cost of wage is between 45$ - 50$, and price is 1$/Kg
Profit after paying the wage is between : 102,3$ - 97,3$
so the company if tried to sell as the biding price which is 0.25$ it becomes :
a worker produce 147.3 Kg
and if it was sold for 0.25$/kg as the exchange biding price come as : 36,825$ for 147.3Kg of grain
this is without paying the wage!!
Lowering wages can help companies cut costs and reduce product prices. Right now, if you’re paying $50 for a worker and workers are barely active, you have to sell grain at a higher price just to make money.
I pay my workers 50 dollars. I fire workers that don't work everyday. Is that ok?
@MrBird I do the same but we have to do something about it
It will be very hard to lower wages. We need to convince everyone else to make lower wages which I'm guessing the more richer people will not agree with that.
