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Originally Posted by dc_dux
Or maybe if Sam paid more, he would have less turnover and more productive employees. And all 102,000 would make a more livable wage, Sam would make greater profits, the local economy would benefit and it would be a win-win-win  |
Having been a worker all my life, I like the idea of workers making more money and being more productive, but the numbers have to add up.
There would be some savings due to less turnover and more productivity but the only way this will work is if the 102,000 higher paid workers result in billions of more dollars in sales.
Put another way, why doesn't Costco employ another 30,000 well paid more productive workers and match Sam's 102,000. I think it is probably because an additional 15 billion or so in sales required to do this are just not there in the retail market.