Comment on Tipping culture npcs

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circuitfarmer@lemmy.world ⁨8⁩ ⁨months⁩ ago

Yes, but one way is on the company first and one isn’t. Would prices go up if these places were paying living wages? Most likely. Many businesses would be insolvent because their business model was simply never designed to pay a living wage to employees. Others could remain solvent, but probably not if they continue to take so much off the top at higher positions.

And that’s exactly it: the market never self-corrects if we throw arbitrary money in excess of listed prices to solve was is ultimately an issue of business solvency and ethics. There is no economic theory that would support such an idea in any industry, but here we are.

The sheer number of businesses out of the space might even drive down rents. That’s the kind of thing I mean by “other actions”. But things cannot continue as they are.

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