{"id":17,"date":"2013-11-17T23:57:55","date_gmt":"2013-11-18T06:57:55","guid":{"rendered":"https:\/\/blogs.ubc.ca\/ryanmcphee\/?p=17"},"modified":"2013-11-17T23:57:55","modified_gmt":"2013-11-18T06:57:55","slug":"income-inequality","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/ryanmcphee\/2013\/11\/17\/income-inequality\/","title":{"rendered":"Income Inequality"},"content":{"rendered":"

While executive pay has been rising and the average worker pay has seen better days, some companies are going against the curve to develop what they see as a \u201cmore profitable\u201d business strategy in the long run.\u00a0 Costco pays its workers almost 3 times the minimum wage because it believes its employees are more important to keep in the long run, and they forgo the short run profits of a lower wage.\u00a0 They believe this can develop an excellent corporate culture.\u00a0\u00a0 It allows them to spend less of their money on employees who aren\u2019t meeting performance standards and instead groom their employees to be productive, dedicated and loyal.\u00a0 Another example of this would be Wholesale foods, which has kept a CEO to median pay that never exceeds 19:1.<\/p>\n

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Governments around the world have even started to place regulations on this ratio such as in Switzerland, where the ratio that must be met is 12:1. \u00a0As there has been a public backlash to such a private issue as this, it is time for other companies to follow in Costco\u2019s footsteps and increase the wages of their employees to promote more commitment to the company.<\/p>\n

(189)<\/p>\n

Source:<\/p>\n

 <\/p>\n

http:\/\/www.theglobeandmail.com\/news\/national\/time-to-lead\/how-one-company-levels-the-pay-slope-of-executives-and-workers\/article15472738\/<\/p>\n","protected":false},"excerpt":{"rendered":"

While executive pay has been rising and the average worker pay has seen better days, some companies are going against the curve to develop what they see as a \u201cmore profitable\u201d business strategy in the long run.\u00a0 Costco pays its … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":19323,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/posts\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/users\/19323"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/comments?post=17"}],"version-history":[{"count":1,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/posts\/17\/revisions"}],"predecessor-version":[{"id":27,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/posts\/17\/revisions\/27"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/media?parent=17"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/categories?post=17"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/ryanmcphee\/wp-json\/wp\/v2\/tags?post=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}