Do you see any conflict between your desire to be as profitable as possible and your desire to pay employees a living wage?

The two
ideas can coexist. One should agree to meet one's financial obligations to one's employees if
one agreed to pay them a living wage. Doing otherwise would be unethical. Profitability should
come second to one's morality.

One should also consider the cost of
constantly hiring new employees. Employees who are not fairly compensated will look elsewhere
for employment. The employer would then have to expend resources to find another employee and
train them to do the job. It would be unreasonable to expect a new employee to be as good at a
job as someone who had prior experience with the company. If compensation does not improve in
terms of salary, benefits, or both, the company will experience constant turnover, which will
eat into the profits.

While one's morality should be of primary importance,
there are also practical reasons to compensate employees with a living wage. Employees should be
motivated to work and not encouraged to look elsewhere for higher wages.