Starbucks' Employee Treatment Boosts Economy and Earnings

Starbucks' stock jumped 12% and gained $10 billion in market cap after outperforming earnings expectations, with executives attributing the success to improved working conditions and investments in employees. The company's efforts to improve pay, scheduling, and equipment have led to lower turnover, increased productivity, and better financial results. This trend reflects a broader increase in productivity and hourly wages across the U.S. economy. Starbucks plans to continue investing in its employees and store operations, aiming to open thousands of new stores globally and counting on happier, higher-paid, and more productive workers.