Re:The Economics of Falling Populations
by artem247 on Wednesday April 07, 2021 @01:26PM
(#26727961)
Sorry for poor wording - my idea was just to propose a situation where you have to pay your employees more somehow, like for example your lead engineer quit and new hire as a substitute will cost you 20% more.
The real question is how the business can mitigate rising salary (and lowering of margins) and whether there is relation between labour cost and price of goods.
People are always up for more money. The question is, I guess, what they would be doing different if they got that raise or not. (Ie stay on or quit, or join one vs another company etc.)