Any good business person whose in business to make a lot of money and be very profitable and be able to provide very well for themselves and their families even if they are the only people they intend to benefit, it is in their best interest to have a well-skilled educated productive workforce. Even if that means paying them very well with benefits. Why because the more productive workforce you have, the more profitable the company you’ll have. And it is a hell of a lot easier for people to do good jobs and be productive if they know there’s something in it for them. And getting good money and benefits out of it.
Buy a cheap car or a cheap lawyer to use as examples and I’m not talking about a car that was discounted, or someone is basically giving you the car as a gift with a large discount, or a lawyer who agrees to work for less, or at a much lower rate than they normally do. But a cheaply made car, or an inexperienced lawyer with not much of a success record. You are going to get what you paid for those services and have to deal with the consequences of not having a good car. Or a lawyer with the experience and judgement to represent you well. And this applies to any business.
But if you invest a good deal of money in a car or lawyer, but do it in a smart way, “this is what I want and need from a car, or lawyer and this is what it’s worth to get those services” and you put the money into it, you are going to get back probably more than what you put in. Especially if you have a good case, or you take care of your car. Same thing with employees that if you invest in them and make it clear they could do well for you working for you and they are good employees who know exactly what the job is about and what you expect, that is what you’ll get plus what you put in. It’s the difference between do you see employees as a cost of doing business, or an investment in your company.
Thom Hartmann: Without Government, There is No Middle Class