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Climate Summit
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this post was submitted on 02 Feb 2024
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Yes but they have studies that say that KEEPING people happy and healthy is a huge cost center. Also, healthy happy people live longer, meaning that the labor pool will take longer to refresh. On the whole, it's not entirely profitable to keep people healthy and happy, because any profit they generate from their labor is almost immediately offset by the costs involved in maintaining their health.
and that comes back to fair pay and happy and healthy labor.
employees that are paid a fair wage spend more money, which increases profits.
So not making employees happy and healthy is a myopic, short term, kneejerk greed response that hampers and prevents growth and profits.
And I fully agree. But I'm not a CEO. I'm not a shareholder. I'm a worker. Am I paid fairly? Maybe. According to the market-based raise I got last year, I am. Our own CEO admitted that our wages don't scale with CoL, though.