4min chapter

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Stop Neglecting Low-Wage Workers

HBR IdeaCast

CHAPTER

The Self-Fulfilling Prophecy of Low-Waisted Workers

In many instances, it is a self-fulfilling prophecy as you suggested Kurt. By having this logic, we create the very high level of turnover that we blame for imposing on the company. It's so embedded in the thinking of management and their business models that undoing that fundamental logic is something that never occurs to them. Most companies who get it figure out that the math on that works out much better than the hidden costs of high churn,. High turnover, constant hiring, low morale, on and on and on.

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