In this WSJ piece, Rick Wartzman and Kelly Tang show that raising wages does not have to be a zero sum game. Sarah Kalloch is quoted, reminding us that companies who pay more are, 

“Also probably paying more attention to what you’re asking them to do and how they’re doing it, looking at operations and job design to drive productivity, contribution, and motivation.” 

Leaders at Chipotle, Prudential, and PayPal participated in a Worker Financial Wellness panel discussion with Aspen Institute, sharing their insights on how they approached getting buy-in for the initiative, what metrics they have started monitoring, and their advice for other companies who want to do more to support their employees’ financial stability. As Franz Pasche of PayPal said, 

“And when we surveyed our employees, we found that close to a third of our employees, particularly those who were hourly workers or entry level workers, that many were living paycheck to paycheck. This shouldn’t have been a surprise, but we pay market level wages, and we are competitive in what we offer. So, the market wasn’t working, and we understood that we had to dig in.”