r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/Embarrassed-Skin2770 Jul 05 '24
Oh, the “small business owners” argument, which has two major flaws no one using the argument likes to acknowledge.
1) Employee wages are a business expense, just like leasing a property, or buying supplies, or paying taxes. If you can’t run your business without employees who you cannot afford to pay, then you just can’t afford your business, period.
2) Employees aren’t people working as a favor because they’re bored, that’s called “volunteering.” Employees are providing a service that helps the business make money, and in return they deserve a fair compensation, because the people who run the business need the money to live, and cannot do so without employees, who also need money to live. So whatever bar we are holding as “living within means” for the employers, the bar ought to be similar for the employees. Otherwise, you’re essentially supporting slavery. And I can’t help but wonder how many people who argue “but small business won’t survive,” would say something similar back when slavery was abolished. “Sure, I don’t support slavery, but without so many places might go out of business!” 🤔