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Originally Posted by Spexxvet
Annecdote: My father-in-law owned a plumbing business. He compensted his employees at a higher level than he needed to. He took care of hs guys. He could have paid them as little as he could, and replace them when they got fed up and left. He could have closed up shop, if a union was voted in, and opened up down the street under a different name, without the union. He could have allowed a union to come in, and charged his customers more. But he chose to put less in his pocket.
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And here's the point you're missing: your father-in-law did that so that he could retain the
best employees for
his business. If everyone did that, there would be no incentive for those employees to stay with your father-in-law, and the definition of "being taken care of" would have to change.