Question

Living wages raise the minimum hourly wage to a level sufficient for workers to meet the basic needs of their families.
Is it possible for companies to pay their workers a living wage, make money, and give their customers an excellent product, all at the same time?

Answer 1

Yes, it is possible for companies to pay their workers a living wage, make money, and give their customers an excellent product, all at the same time. In fact paying living wages to workers helps a company to make money and provide excellent level of services and product quality to its customers.

When employees are paid living wages their motivational level increases and they will take pride in their work. This will lead to higher levels of productivity for them. Higher efficiency and productivity of workers will lead to costs reduction and increased revenues for the company.

Moreover when a company pays its workers a living wage it will be able to attract more talented and skilled workers and this will lead to increased earnings for the company besides getting the ability to provide to its customers better quality products and services.