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>Paying employees more is supposed to work because it results in employees who do their job better. I'm sure above certain threshold, which is probably low, ra
by hgq 8y ago
>Paying employees more is supposed to work because it results in employees who do their job better.
I'm sure above certain threshold, which is probably low, raising wages doesn't make employees do their job any better.
In other words, unless you pay your workers literally peanuts, they will do the same job more or less.
- monetus 8y agoYou meant figurative peanuts right? That is what a lot of people get paid in retail.
- XMPPwocky 8y agoSo all executive salaries should be capped at, say, a low six-figure amount, and bonuses should be eliminated? Interesting proposal.
- baddox 8y agoI think part of the point is that you pay more money to attract different people who will perform better, or to encourage people to stay at the job longer (and thus get better at it).
- smileysteve 8y ago> I'm sure above certain threshold, which is probably low, raising wages doesn't make employees do their job any better. This is a known study > In other words, unless you pay your workers literally peanuts, they will do the same job more or less. Welp, nope, this deviates from the study; The "drive" study suggests that wages need to satisfy their needs, give them cushion, be at or above their peers. For the most part, "happiness" in the U.S.A. starts at 50% more than the average salary ($50k).