It's not even a "for the good of your employees issue". This is how capitalism works!That guy yesterday attacking Corbyn for imposing a minimum wage on him/his employees... perhaps if you can't afford to pay your employees a living wage then your business is a failure. Perhaps the wellbeing of the millions on minimum wage is more important than the businesses that rely upon the underpaid labor of its employees. Crazy talk in the 21st century I know, crazy I am. Raving!
This country is so far right of me that I feel obligated to emigrate.
From memory, he has a clothing store. Let's say the cost of tweed increases 100 percent due to a war in some country or another. Some businesses will be able to handle the increase cost. Others won't and they will disappear. Only the strongest survive. The customers from the ones that disappeared will move on, and the remaining businesses will grow.
He has 3 years to learn to adsorb the cost. If he can't, his business will close, and another that can actually pay their staff will replace him.