>Are they trying to get ahead of government regulation with this? It looks like a declaration of self-regulation to me.
I think it's more a bit like the Henry Ford deal where he insisted on paying his workers enough to actually be able to afford the cars. Anemic demand is one of those things that can get an economy stuck in a low-growth poverty trap.
Either that or they're trying to get ahead of the guillotines.
My impression is the last sentence - self preservation. With the threat of automation, they can see the pressure mounting on finding solutions that do not result in unions or pitchforks.
My assumption is that all the union talk and action in the last few months has board members scared and they want to put on a show to employees that they're doing stuff to make things more fair, in order to push off folks unionizing. Growing inequality...
I think it's more a bit like the Henry Ford deal where he insisted on paying his workers enough to actually be able to afford the cars. Anemic demand is one of those things that can get an economy stuck in a low-growth poverty trap.
Either that or they're trying to get ahead of the guillotines.