alt Hacker NewsThere is a prevalent view of economy that insists businesses sell their products at the minimum price they can still make a profit at (but not lower or you are dumping.) A Marxist view of economy, if I must.
Whenever I meet one of these people, I ask if they are willing to negotiate a wage reduction with his HR. My logic is simple. If you think it is wrong for a business to sell a product at the maximum price they can demonstrably get away with like Lego does, then why is it right for you, a professional worker selling your labor, to sell your labor at a price higher than what is necessary for subsistence?
> There is a prevalent view of economy that insists businesses sell their products at the minimum price they can still make a profit at [...] A Marxist view of economy, if I must.
That's actually how competition is supposed to work in capitalism. If you sell your products at much higher than the minimum price, someone else can make a profit by selling slightly cheaper and taking over your market share.