Cutting costs by paying people a wage which is below market value is, in my experience, a great way to make a mess of your business. If you don’t treat your employees with the respect they deserve, you can’t expect them to take pride in their jobs.
I read (or saw) somewhere a story about a factory owner who needed skilled workers. He was complaining that he couldn’t find many and those who came to work for him didn’t stay long. He started them at minimum wage and they would go up to $10 an hour!!! For a person who had to go to technical school first for training! He said he was competing with McDonald’s. Duh. Pay people more and give them health insurance.
I agree. Unfortunately workers have little clout or leverage because so many jobs have been outsourced overseas and unions have been weakened. If we can turn those things around by legislation and public pressure workers would be in a better position to demand a living wage.
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Notify me of new posts via email.
Enter your email address to subscribe to The Big Picture Report and receive notifications of new posts by email.
Join 373 other followers