Recent quotes:

Adam Posen: Morning Must-Read: US Companies Pay Well and Do Better - Washington Center for Equitable Growth

US Companies Pay Well and Do Better: “Walmart was the latest major American employer… …to voluntarily announce a raise for all of its lowest-paid employees…. Aetna raised all of its employees’ wages to at least $16 an hour…. It is possible to profit from paying your employees well…. For decades, labour economists have gathered evidence on… [how] higher wages can motivate employees to work harder, to treat customers better, make them more reluctant to leave their jobs and help them to bring fewer worries and distractions to work. That can increase productivity and reduce an employer’s costs…
#Adam-Posen #Efficiency-Wages - equitablegrowth.org