Friday, February 13, 2015
Will workers "pay" to work for a good cause?
From a field study of Amazon Turk workers, Douglas Frank and Craig Smith find that about half of workers will accept a 12-18% wage discount to perform tasks that benefit a "socially responsible organization."
These results suggests that "virtue" has its own reward, but the premium seems small.
Of course, you should know that markets turn self interest into group interest, or that reward has its own virtue. Read the book. Or these posts. Or this one.