Originally Posted by GreaseMonkey
He didn't do it because he was a generous guy. He wanted to reduce attrition which costs more than paying workers a good wage to begin with. It brought the best workers, best trained individuals, and lowered his operating costs which improved his bottom line.
Exactly. He was thinking long term. He wasn't just looking at his quarterly profit, he was looking at what would lead to long term growth; a stable, loyal, dedicated, talented work force.