Almost one in four American working adults has a job that pays less than a living wage. Conventional wisdom says that’s how the world has to work. Bad jobs with low wages, minimal benefits, little training, and chaotic schedules are the only way companies can keep costs down and prices low. If companies were to offer better jobs, customers would have to pay more or companies would have to make less. But in The Good Jobs Strategy, Zeynep Ton, a professor at the MIT Sloan School of Management, makes the compelling case that even in low-cost settings, leaving employees behind - with bad jobs - is a choice, not a necessity.
"very inspiring and interesting point of view"
Fifteen states have increased their minimum wage this year, with more on the way.
"How Low-Paying Retailers Can Adapt to Higher Minimum Wages" is from hbr.org, published on August 23, 2016.
Some companies are investing in their workers and reaping healthy profits.