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If every employer had the same mindset,...

If cows could fly farmers would wear pith helmets and carry umbrellas.

Employers who valued their employees would benefit from their experience and reliability.

Again, that would work best with skilled employees. If all that's needed is to learn how to stack hamburger, cheese, lettuce and tomato on a bun it seems to be easier/cheaper to just train new employees.

Employers who did not value their employees would fail, because the turnover, errors and lack of productivity, would cost them more.

Did your business have such workers?
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