Earlier quoted context omitted.
>I'm skeptical that a business would choose to go out of business rather that give raises. Have you considered that margins are tighter than you think? I know small businesses like that. I run a small business. I know other small business owners. An MBA-like focus on hyperefficiency is rare. Usually people have their views about how the world should work and act in accordance with that. Some people will come around,…
It doesn't take a MBA-like focus to think "Gee..only if we had more margin, we'd pay more". This entire thread is totally out of touch with reality.
It does take razor-sharp focus and constant innovation to work out how you can increase margin, though. You can't just arbitrarily raise prices without offering any additional value and expect your business to stay alive.