According to Ray Fisman of Boston University and Michael Luca of the Harvard Business School, Amazons voluntary
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According to Ray Fisman of Boston University and Michael Luca of the Harvard Business School, Amazon’s voluntary decision to raise its minimum hourly wage to $15 per hour when the federal minimum wage is $7.25 may be good for “both Amazon’s employees and its bottom line.” Explain how paying higher wages to its employees might improve Amazon’s overall profitability.
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Paying higher wages to its employees can potentially improve Amazons overall profitability in several ways 1 Increased productivity Higher wages can l...View the full answer
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