4 ms·
Not hard to see the obvious. Look at Costco compared with Sam's Club. You can see the difference since Costco employees tend to stay longer there. https://hbr
by vermontdevil 10y ago
Not hard to see the obvious.
Look at Costco compared with Sam's Club. You can see the difference since Costco employees tend to stay longer there.
https://hbr.org/2006/12/the-high-cost-of-low-wages https://hbr.org/2006/12/the-high-cost-of-low-wages
- kornish 10y agoAnother example in this vein is Henry Ford's $5 work day – wages dramatically above then-market rates prompted outrageous enthusiasm and loyalty from workers. http://www.henryford150.com/5-a-day/ http://www.henryford150.com/5-a-day/
- mywittyname 10y agoThere's a lot more to it than that. >The $5-a-day rate was about half pay and half bonus. The bonus came with character requirements and was enforced by the Socialization Organization. This was a committee that would visit the employees' homes to ensure that they were doing things the "American way." They were supposed to avoid social ills such as gambling and drinking. They were to learn English, and many (primarily the recent immigrants) had to attend classes to become "Americanized." Women were not eligible for the bonus unless they were single and supporting the family. Also, men were not eligible if their wives worked outside the home. http://www.forbes.com/sites/timworstall/2012/03/04/the-story-of-henry-fords-5-a-day-wages-its-not-what-you-think/#3acd0e971c96 http://www.forbes.com/sites/timworstall/2012/03/04/the-story...
- kornish 10y agoI didn't know that – thanks for sharing!
- battlebot 10y agoCostco pays $17/hr. vs. Sam's what? I don't even know. < $15/hr. Maybe $14/hr? Okay, it was in the article, $11.52!