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wasoxygen · 3841 days ago · link · · parent · post: Fast-Food Wages Come With a $7 Billion Side of Public Assistance - Businessweek
Thought experiment: Suppose you are a factory foreman. You have an annual budget of $50,000 to hire additional labor. You interview candidates and find two or three who are well-qualified for the position and willing to work for $50,000 per year. While evaluating their applications, you receive two more. These two candidates are just as well-qualified as the others, but they are willing to work for $25,000 per year. You consider that you could get a lot more utility from two full-time employees than one, without making much difference to your costs. What do you do?