Wednesday, June 21, 2017

Was Whole Foods Too Employee Friendly?

      The CEO of Whole Foods commented that the company had been too employee friendly and not sufficiently customer friendly, as he remarked on the sale of Whole Foods to Amazon. Will lower salaries, employee layoffs, and reduced benefits produce better customer service?
       Executives continue to reward themselves without restraint, because they can and there is no one to stop them, as they keep cutting, reducing and diminishing the value of employees and their salaries.
       Two thirds of the American economy is fueled by consumers. How will the American economy grow long term if people continue to be underpaid and often find themselves deeply in debt?
        Labor continues to be devalued. One final note regarding Whole Foods - unlike some other businesses where a helpful employee can never be found - Whole Foods has good customer service. It failed to be price competitive and affordable for average people, namely the backbone of America. The problem was not in being too employee friendly. That is a telling and sad sentiment that reflects what the executive class thinks about the working class.

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