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Dennis Hackethal addressed criticism #6118.
#6118·Dennis HackethalOP, 2 days ago·AI-assistedEmployers who can’t afford the higher wage have to let some workers go
Employers could pay for the higher wage by cutting executive pay instead of jobs. Many companies pay their CEOs millions, so the money to pay workers more is there, and laying workers off is a choice, not a necessity.
This argument rests on the implicit idea that CEOs ‘steal’ value from their employees. That isn’t the case. Theft means taking someone’s property without consent. Employees instead voluntarily enter employment because they value the wages more than whatever else they have considered doing with their time instead.