Paying good wages is not in opposition to good productivity.
I say at our management conferences that the amount Wal-Mart grows in just one year is the equivalent of Costco's size.
Technology helps us become more efficient and productive but our business still has a lot of art as opposed to strictly science.
You don't have a very motivated working class, it starts to affect the dynamics of the economy. If workers are disenchanted and disenfranchised, productivity losses will go along with that.
If somehow a proclamation were made that C.E.O.'s could only make a maximum of $300,000 a year, you would not have any shortage of very qualified men and women seeking the jobs.
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