I think there’s more to it (ex: costco) where long term success tend to rely on creating stable lives for workers.
But yeah the short term march of every ceo incentive package is definitely reflected in this (though real competition seems rare these days, but I guess perceptions matter)
It’s basic game theory and a race to the bottom. They either come together to set a bottom, do it by threat of violence or by law.
I think there’s more to it (ex: costco) where long term success tend to rely on creating stable lives for workers.
But yeah the short term march of every ceo incentive package is definitely reflected in this (though real competition seems rare these days, but I guess perceptions matter)