- 14 Jan 2008 21:41
#1425570
No. According to capitalist theory, companies who did not offer their employees fair wages would simply see a lack of employees interested in working for them. This would secure that wages were kept fair across the board.
It also held that companies would not hide facts from consumers, and allow them to make fair, honest, open choices about products. In a spirit of compitetion, prices would drop, while wages would increase, upping the standard of living.
In theory.
In reality, it's a completely different thing. Like every other socio-economic theory.
It also held that companies would not hide facts from consumers, and allow them to make fair, honest, open choices about products. In a spirit of compitetion, prices would drop, while wages would increase, upping the standard of living.
In theory.
In reality, it's a completely different thing. Like every other socio-economic theory.
E: -6.75
S: 1.33
S: 1.33