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U.S. Workers Are ‘Giving Away The Store,’ Costing Firms Billions

EAST LANSING, Mich. — Nearly 70 percent of the nation’s service employees give away free goods and services – from hamburgers to cable TV – costing companies billions of dollars a year, according to a groundbreaking study.

Clay Voorhees, study co-author and marketing expert at Michigan State University, said one of the best ways to combat this illegal practice – called “sweethearting” – is through better screening of job candidates. (more…)

Study: Consumers Value Safer Food More Than Current Analyses Suggest

By Guest PostFebruary 9, 2011Economy, Healthassess the value, brian roe, consumer behavior, contamination, cost benefit analyses, cost of illness, deaths, e coli, eat bad food, economic model, food borne illnesses, food safety, government regulators, hamburger, hypothetical scenarios, kidney damage, mario teisl, pathogen, predict, roe and teisl, shiga toxin, usda

COLUMBUS, Ohio – Government regulators could more realistically assess the value of improving food safety if they considered the fact that consumers typically want to avoid getting sick – even if it means they have to pay a little extra for safer food, researchers say.

In the world of food regulation, cost-benefit analyses are a primary tool for assessing the societal benefits of mandating more stringent – and more expensive – processing practices. In most cases, regulators determine a dollar value associated with pursuing new rules by estimating how many illnesses and deaths the safer processing would prevent. (more…)

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U.S. Workers Are ‘Giving Away The Store,’ Costing Firms Billions

Study: Consumers Value Safer Food More Than Current Analyses Suggest