There are a couple angles you argued that from. 1. In any for-profit company, it’s unreasonable to expect a margin of 0. Even if the company is worker-owned or something, you still want a (small) margin in order to build up a rainy-day fund so that the company can still operate during a future rough time.
2. I think you’re making the mistake of only measuring the things youth at are easiest to measure. If a company can bring “non-adversarial working agreement” to the bargaining table, that’s worth something to most people. In other words, a company which offers you frequent good raises without you having to fight for them is actually offering you good money PLUS giving you back all the time and effort you used to spend fighting political battles inside the company and keeping active on LinkedIn. Also as a result, you’re going to stay working there longer. Which also means they can amortize the cost of your ramp-up over a longer period of time. And look at that: the non-adversarial wages just “paid for themselves” from the company’s point of view.
But really: no employee wants their employer to be their adversary. And employers likewise gain from stable relationships with their employees, and even more so by crafting an environment that lets the employee focus on work instead of other concerns (like money or “fairness” or politics).
2. I think you’re making the mistake of only measuring the things youth at are easiest to measure. If a company can bring “non-adversarial working agreement” to the bargaining table, that’s worth something to most people. In other words, a company which offers you frequent good raises without you having to fight for them is actually offering you good money PLUS giving you back all the time and effort you used to spend fighting political battles inside the company and keeping active on LinkedIn. Also as a result, you’re going to stay working there longer. Which also means they can amortize the cost of your ramp-up over a longer period of time. And look at that: the non-adversarial wages just “paid for themselves” from the company’s point of view.
But really: no employee wants their employer to be their adversary. And employers likewise gain from stable relationships with their employees, and even more so by crafting an environment that lets the employee focus on work instead of other concerns (like money or “fairness” or politics).