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Your points are valid, but they ignore the fact that there was a more permissive company culture, then it was changed to be more restrictive. Behavioral econom
by thephyber 9y ago
Your points are valid, but they ignore the fact that there was a more permissive company culture, then it was changed to be more restrictive.
Behavioral economists have studied this type of change and it can seriously affect relationships (there was a famous study of an Israeli day care that started charging parents a fee if they picked up their child late, then tried to change back to the previous policy). Having a benefit then losing it makes people feel like something is being taken from them (even if Jet can still have off-campus happy hours).
That said, I don't know how much I care. WalMart has a reputation and if you are part of a company that chooses to be bough out by WalMart, you have to expect that some big things will change. Hopefully the Jet execs set expectations correctly.
- DaiPlusPlus 9y agoWas Jet privately owned and bought outright by WalMart in a private deal? I thought they already had an IPO, in which case it wasn't their "choice".
- AceJohnny2 9y ago> (there was a famous study of an Israeli day care that started charging parents a fee if they picked up their child late, then tried to change back to the previous policy) I see that you too have read Dan Ariely's Predicably Irrational :) Recommended reading for everyone else, by the way. It was an enlightening on the topic of socio-economics, or the application of psychology to economics.