[Smlr_net] How Did Walmart Get Cleaner Stores and Higher Sales? It Paid Its People More

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Title: How Did Walmart Get Cleaner Stores and Higher Sales? It Paid Its People More Author: Neil Irwin Source: NY Times

*Date:* Oct 20, 2016 Summary: It is an idea that flies in the face of the prevailing ethos on Wall Street and in many executive suites the last few decades. But there is sound economic theory behind the idea. “Efficiency wages” is the term that economists — who excel at giving complex names to obvious ideas — use for the notion that employers who pay workers more than the going rate will get more loyal, harder-working, more productive employees in return.

*Link: *http://nyti.ms/2eJYEKt ---------------------------------------------------------------------- Eugene McElroy, Library Associate James Carey Library, School of Management and Labor Relations Rutgers, the State University of New Jersey 50 Labor Center Way, New Brunswick NJ 08901 848-932-9513 smlrlibrary@work.rutgers.edu http://smlr.rutgers.edu/carey-library