G. Westinghouse

I own a small manufacturing company with 45 employees. Business is tough right now—margins are razor thin and a competitor just undercut our prices by 15%. They can do it because they pay minimum wage and offer no benefits. I pay above market and offer health insurance. My employees have been with me for years. But I'm bleeding money. My accountant says I need to cut wages or lay off 10 people to survive. My competitor's owner sleeps fine at night. I believe treating workers well is the right thing to do—and I thought it was also good business. But now I'm not sure I can afford my values. Do I compromise my principles to survive, or hold firm and potentially go under? — John

85 votes