Pants-of-dog wrote:Why should companies pay people more than they absolutely have to?
Why should companies charge any less than the maximum possible?
You seem to be changing the topic and sending us down another contentious rabbit hole.
If you want to talk about and focus on that topic, maybe you should start a new thread.
I will point out that workers are not the only ones in competition with each other, employers are in competition with other employers.
There does exist some pressure on businesses not to raise prices too high. That often trickles down to workers, so the business is under constraints and economic pressure not to pay them too much.