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Aetna Inc.
The case for higher wages: It's smart business
The case for higher wages: It's smart business

Aetna Chief Executive Mark Bertolini announced last month that the insurance giant would hike wages for low-level employees to at least $16 an hour and eventually lower healthcare costs for some workers. The reason? In part, Bertolini wants to cut into the $120 million the company spends each year hiring and training new workers to replace those who quit. But more important, he said, it is the right thing to do. “Companies are not just money-making machines,” Bertolini told the New Yorker’s James Surowiecki. “For the good of the social order, these are the kinds of investments we should be willing to make.” Holy Thomas Piketty! Bertolini is right (even...