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That's a good point. Part of me is trained to think about this like an economist (the subject of one of my bachelor's), but in the end I really hope that human
by joshpadnick 12y ago
That's a good point. Part of me is trained to think about this like an economist (the subject of one of my bachelor's), but in the end I really hope that human compassion triumphs and this proves to be a win-win. I'm routing for Mr. Price.
- lotsofmangos 12y agoFord wasn't doing it to be nice. Ford was trying to cut turnover as that was costing him loads.
- loco5niner 12y agoAnd likely getting better quality, harder workers in the process.
- azernik 12y agoEven economists have to take into account transaction costs. Hiring someone new is often a fairly costly transaction.
- randomfool 12y agoI frequently worry that the measurement of success is shrinking from how a community prospers to how well an individual prospers. As low-wage workers commute from distant communities and we become isolated in our own worlds of gated communities and like-minded netizens, there's little incentive to improve our surroundings. It's tough to quantify the happiness and peace of mind that I get from experiencing a well cared-for community.