Yes but seeing the numbers I think this person could have paid workers more and still make a profit. I don't know if it's greed or robot like optimization
Well, look at it this way, by increasing salaries 20%, we'd double losses on a pessimistic estimate, and make no profit on a realistic estimate. Of course everyone starts a business being optimistic; businesses are gambles after all. But nobody wants to lose money.
It's more fear than greed. As an employee, you're always working hard trying to not drown. As a business owner, that feeling is multiplied. You don't just have to feed your kids, you have to feed your employees' kids. You can lose $500/month as an employee or $2000/month as a business owner.
But even if the pay was doubled, it would still barely be a "living wage". There's an argument that traditional businesses drive down prices and drive wages up, which is true, but it's still pretty bad.
I'd rather focus on startups, which creates few jobs, and destroys other jobs, but there's plenty of incentive to pay people well, and their salary scales well with the company's success.
