The argument that inflation is high and so a company should just pay more is the reason British car manufacturing went bust. A company has no responsibility to pay more simply because its employees need more. That is an external consideration.
What a company is morally responsible for is ensuring that each employee has a fair share of the revenue that is generated by the company. That is an internal consideration. Yes, fat cat executives are immoral when they earn 10,000 times more than a lowly employee, when their contribution is, say, only 10 times more.
The fact that employees need more is irrelevant if paying them more is more than the company's income can support. And yes, companies go bust due to expenses. In a global market, why should a customer pay your prices which are higher due to employee wages when they can buy from somewhere else more cheaply?
Biting the hand that feeds IT
