Comment on Capitalism indoctrination in progress.
thebestaquaman@lemmy.world 10 months agoI’ve seen reference to research showing pretty much what you’re saying: Inadequate pay gives dissatisfied employees, but raising pay above a certain level only gives very short term increase in employee satisfaction. The conclusion was that pay has to be high enough that people feel fairly compensated, but further increasing it has little to no long-term effect.
Badass_panda@lemmy.world 10 months ago
Yep. It’s why companies can offer ridiculous salaries and still have crazy employee churn (see: amazon, tesla).