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Did you read the blog post? Greenspun disagrees with the NYT columnist's interpretation of the Ton's study, saying that companies shelling out higher pay for mo
by sloreti 11y ago
Did you read the blog post? Greenspun disagrees with the NYT columnist's interpretation of the Ton's study, saying that companies shelling out higher pay for more highly trained employees is not necessarily beneficial to labor. The final paragraph reads:
"It is worth looking at the reader comments on the NYT piece. By cutting labor costs as a fraction of sales, Costco and similar companies should be reducing the share of the economic pie enjoyed by labor and enlarging the slide of pie enjoyed by owners of capital (e.g., the Costco shareholders and/or the executives looting from them). But the liberal readers celebrate this move in the direction of less equality because they are dazzled by the headline dollars/hour number paid to the remaining handful of workers."