Barclays used Revelio Labs workforce data to examine the relationship between employee wages and company performance, finding that companies paying lower minimum wages tended to underperform their peers.
The research was featured on CNBC's Power Lunch on September 15, 2021, when Ryan Preclaw, Barclays' Head of Research Investment Sciences, discussed the findings.
Watch the full segment here.
Measuring companies' exposure to low-wage labor
Using Revelio Labs data, Barclays analyzed wage distributions across companies to understand how heavily their workforces depended on lower-paid employees.
The analysis examined the proportion of workers earning below the median wage, providing a way to compare companies based on their exposure to lower-wage labor.
The findings illustrate how workforce compensation data can help investors evaluate differences in company performance.
Watch the full CNBC segment for more on the relationship between employee wages and company performance.
Watch the full segment: https://www.cnbc.com/video/2021/09/15/barclays-analyst-companies-that-pay-lower-minimum-wages-underperform.html