Do you run a business? I do. Industry-wide races to the bottom that have existed for decades before I was even born have put margins so razor-thin that paying more than slightly higher than the usual industry thresholds is untenable for smaller businesses. You raise your price too much to compensate, and your business dries up. Regulations designed to curtail abuses by large corporations can be devastating for small businesses.
I don't like this fact, and this obviously isn't going to be true for every industry, but these twee 'truisms' don't accurately represent reality.
I don't like this fact, and this obviously isn't going to be true for every industry, but these twee 'truisms' don't accurately represent reality.