Monday, October 17, 2016

Walmart raises wages, trains workers more, offers better opportunities for advancement

And what happens? Profits increase! This may show the value of "Efficiency wages”, although it's too soon to make a definitive judgment. Efficiency wages happen when employers pay workers more than the going rate. Paying people more may result in more loyal, harder-working, more productive employees in return.

Will other companies try it?

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