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To play devil's advocate, if Bezos donates two billion, that's basically a one time fixed cost. He can decide not to donate any more money down the line if he c
by Thriptic 8y ago
To play devil's advocate, if Bezos donates two billion, that's basically a one time fixed cost. He can decide not to donate any more money down the line if he chooses. If he raises wages, he will be paying at least that much in labor costs in perpetuity. He can't easily walk back his salary bumps later without enraging his workers.
In addition, if he gives people raises, they will be pleased....for about a year. Then people will establish that as the new normal and demand further raises because he capitulated the first time so why not try again.
- nickpsecurity 8y agoThat's not what happened at his competitors that invested in workers like Publix and Costco. They were happy enough with their wages and work environment being better than the rest that they stick with the company working hard. The industry has a tracker for customer satisfaction. They're high in it regularly. Your hypothesis didn't play out when management were committed to taking care of employees with a good baseline.