What are the benefits of providing a livable wage?
Increasing wages, benefits, and workplace practices pays for itself. Increasing productivity and quality decreases recruitment and training costs resulting from lower turnover. By providing a livable wage, businesses can create a committed workforce, which can become a powerful source of competitive advantage. That means they need to attract, keep, and get the most out of their employees. It’s also worth noting when businesses do not pay a livable wage because public assistance often makes up the difference. So when Vermonters turn to food stamps or heating assistance, our tax dollars are subsidizing those costs.
