Pay em all more!

In class on Wednesday we watched a video by RSAnimate. At one point in the video they brought up this idea where employers would pay employees a larger salary or hourly wage than necessary. This is done so that the employees aren't worried about money and have their full attention on work and ultimately become very productive. This new productiveness earns the firm more revenue, so that the firm can afford to pay them this larger amount. I think this is a great idea. The video said that there was scientific evidence to back their statement as well. This means it isn't just a good idea but a good business strategy. So why aren't more firms doing it? This can almost be tied in with the idea of self actualization. If people weren't constantly being drug down by worrying about things like money, then they could work to their full potential and become self actualized.