Honest question, if large portions of labor are automated or marginalized who ultimately buys the goods and services that companies produce? Markets depend on consumers having purchasing power. It seems economically rational to keep the average worker making just enough to afford goods and services over the long term.
We can see this logic reflected at times in business history. Ford paid workers double the daily wage so they could afford the cars they built and Costco pays employees 50% more than Walmart. They're not doing these things out of the goodness of their heart but out of greed to increase long term profits.
We can see this logic reflected at times in business history. Ford paid workers double the daily wage so they could afford the cars they built and Costco pays employees 50% more than Walmart. They're not doing these things out of the goodness of their heart but out of greed to increase long term profits.