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The Business Station
PayPal Grew Its Profits 28% - By Raising Workers’ Wages
9 mins·12:45, 11 Jan 2021
PayPal Grew Its Profits 28% - By Raising Workers’ Wages
9 mins
·
12:45, 11 Jan 2021
·
Recommended
20 mins
1 hr 24 mins
1 hr 24 mins
PayPal just had its two best years ever, and the growth of ecommerce is only one reason. Instead, CEO Dan Schulman credits the company's success at least in part to a 2019 initiative to raise the salaries of its hourly and entry-level employees and dramatically lower their healthcare costs. ensure that everyone who works at the company can afford to pay their bills and receive healthcare when they need it. His approach is a lesson for every business owner.
Presenter: Freda Liu, Christine Wong, and Richard Bradbury
Producer: Richard Bradbury
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