Why good jobs are good for business (with Zeynep Ton)

Pitchfork Economics with Nick Hanauer · Jul 11, 2023 · 43m

Low pay is obviously terrible for workers, but a growing body of research proves that it’s bad for businesses, too. Smaller paychecks lead to higher turnover, decreased productivity, and poor sales. Will low-wage employers in the grocery, retail, and restaurant industries ever understand that their employees are their most important asset? Zeynep Ton hopes so. She’s written a book explaining how labor investments can pay for themselves, and she joins us today to explain why better-paying jobs are good for everyone in the long run.

Zeynep Ton is a Professor of the Practice in the Operations…