A Business Owner Wants To Cut Their Profit In Half To Pay Workers More. Their Peers Aren't Sure That Generosity Will Lead To Tangible Results

A small business owner running a home services company sparked a lively online debate by suggesting a bold idea: take home less profit so employees can get paid a lot more. The hope is that better pay will lead to happier, more loyal workers who do great work and help the business grow faster. Lofty Vision, Mixed Reactions The owner said they were considering dropping margins from 20% to 30% down to 10% to 15%, using the difference to raise pay and introduce bonuses. “I'm toying with the idea of paying m ...