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Business owners will hire as long as hiring is profitable. If it earns more to hire, people hire, if it makes more money not to hire they won't hire.
The argument that 'if hiring is profitable, but less profitable than it could be, people won't hire' is simply idiotic... If that we're true, nobody would hire unless taxes were 0 and the government paid each employer for each employee.
Things can always be made more profitable, but if a new employee earns one dollar more for a company than the sum of the costs and risks of hiring, any intelligent owner will hire as long as that remains true.
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