In today’s Comm101 class, we were given a group assignment to do in-class. The assignment had to do with whether or not Mott’s management should try to get workers to accept lower wages. The context of the problem is that Mott’s is earning record profits and still wants to cut its labor costs.
In a group, we came to a decision that Mott’s management should NOT try to get workers to accept lower wages. This is because the workers are the people who are making the products which is the reason behind Mott’s record profits. Instead of lower wages, they should be offering them a bonus instead! Another point is that by trying to force the workers to accept lower wages, they are decreasing the employees’ incentive of working harder, which as stated in the Shareholder Theory, will lead to a declining business.
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