Re(3): Deep Thoughts By Angry American Posted on May 13, 2022 at 00:48:08 AM by Robert Half-Wit
In the 1970s, I was a bank auditor. Banking, in those days, paid about like K-Mart. The result was, high turnover.
One thing you DON'T want with your emoployees handling big money is high turnover. One of the banks I audited had figured things out: PAY your employees better and TREAT them better and there won't be such high turnover. That bank paid better, they had better employees, who liked their workplace, and those employees STAYED at that bank.
I'm sure that would work for retail and fast-food places, too, but the market for less-skilled people has been WalMart-ized.
WalMart pays their emplpoyees shitty wages and treats them like shit, and cuts the prices of products they sell. WalMart has high turnover, but they don't care. Until recently, they have been able to treat their employees like shit, but (until the pandemic) it didn't matter. Customers flooded in for the low WalMart prices, and unskilled employees kept coming to work for them.
To keep their prices low and compete with Wally World, all other retailers and fast-food restaurants have had to pay shitty wages.
Now, unskilled emplyees don't want to work for shitty wages and shitty treatment. They are refusing to work for the status-quo wages and treatment.
Will the unskilled employees come back to work for retailers and fast-food places if they're paid better? Employers could try it.
Fact is, employers might HAVE to try it.
There may soon be no other way to get ANY employees and get those employees to stay.