Neel spoke today at Rotary Club of Sioux Falls Downtown. He asked the audience to challenge him with tough questions.
He felt that if you are struggling finding workers or complaining about it, it is NOT that the workers don’t exist, but the wages are not high enough to attract them.
“If you’re not raising wages, you’re just whining.” (about finding enough workers)
I have consistently stood by the argument that when you pay your workers more, they spend more, which boosts the local economy, which in turn boosts the bottom line of your company. The middle class is more likely to spend more than they will invest or save if they make more, while the rich tend to put that money away where it doesn’t circulate as much.
