Debate: Higher Salaries vs Lower Prices

Day 1,018, 13:46 Published in India India by Wing0

In each and every presidential era, month after month, year after year, there's a debate going on both in the forum and articles posted here in-game:
Do we want higher Salaries or lower Prices?

I am tired of debating this topic over and over. I am ready to do either of these as the public wants, but first I want to see - what is it the public wants ?

Remember, higher salaries will lead to higher product prices, where as lower prices will lead to half the companies going bankrupt while the other half lowers their salaries. I have the resources to sell products in a sector at the lowest international cost for weeks, but the question remains, is that what you, the player wants?

Higher Salaries = Higher product Prices
Lower Salaries = Lower product Prices

You have already read an eRepublik example of higher prices. Let me give you a Real Life story of Lower Prices :

There were two Corporations: K-mart and Wall-mart, always competing against each other, advertising lies against each other, and so on. One day, Wall-mart economic advisors came up with a new idea to compete: to cut down prices by lowering employee salaries. The upper management all agreed and all Wall-mart shops had their employees' salaries reduced to below poverty level. Their product prices naturally decreased and the employees were furious about not even being able to buy their daily food.
When K-mart heard of this, their upper management also decided to cut down employee salaries - and so their bitter rivalry continued. These decisions increased the number of people living in poverty by more than 1 million(10 lakh). This lead to country wide protests, boycott rallies, but to no end result, except for newspaper and TV publicity. And today, Wall-mart is the biggest Shopping mall in USA, also one of the biggest labor exploiters.

Let me re-arrange the question for you: Do we want Lower Salaries or Higher Prices ?

Wing0,
Manager of Swastik Group,
9x Indian Congress Representative,
(possibly)The longest Indian player of eRepublik.