Better life Quote by Michael Moore
““How does paying people more money make you more money? It works like this. The more you pay your workers, the more they spend. Remember, they're not just your workers- they're your consumers, too. The more they spend their extra cash on your products, the more your profits go up. Also, when employees have enough money that they don't have to live in constant fear of bankruptcy, they're able to focus more on their work- and be more productive. With fewer personal problems and less stress hanging over them, they'll lose less time at work, meaning more profits for you. Pay them enough to afford a late model car (i.e. one that works), and they'll rarely be late for work. And knowing that they'll be able to provide a better life for their children will not only give them a more positive attitude, it'll give them hope- and an incentive to do well for the company because the better the company does, the better they'll do. Of course, if you're like most corporations these days- announcing mass layoffs right after posting record profits- then you're already hemorrhaging the trust and confidence of your remaining workforce, and your employees are doing their jobs in a state of fear. Productivity will drop. That will hurt sales. You will suffer. Ask the people at Firestone: Ford has alleged that the tire company fired its longtime union employees, then brought in untrained scab workers who ended up making thousands of defective tires- and 203 dead customers later, Firestone is in the toilet.””
About This Quote
Source Documentary: Capitalism: A Love Story, Michael Moore, 2009
Paying workers well boosts their purchasing power, reduces stress, and aligns them as both employees and customers, leading to higher productivity and profits.
In simple terms: Higher wages improve employee morale and consumer spending, benefiting the business.
Invest in fair wages to grow profits.
Themes
Mood
Type
When to use this quote
- retail
- manufacturing
- service industry
- startup
- corporate restructuring
Key Concepts
Questions to Reflect On
- How can companies balance wage increases with profitability?
- What non‑monetary incentives could complement higher pay?
If wages are raised too high, costs may outweigh benefits, especially in low-margin sectors.