Pay people a higher hourly rate!
lower the price of goods and services and keep people’s wages the same.
Raising wages only means cost of goods and services will go up - that cycle cannot ever be sustained. What I suggest can be sustained if people setting prices choose not greed.
Why?
If the market doesn’t bear that rate, it’s just a waste (inefficient).
He should GROW his businesses, making more profit and employing more people.
There really is no substitute for efficient capitalism.