[smileysteve]

> I'm sure above certain threshold, which is probably low, raising wages doesn't make employees do their job any better.

This is a known study

> In other words, unless you pay your workers literally peanuts, they will do the same job more or less.

Welp, nope, this deviates from the study; The "drive" study suggests that wages need to satisfy their needs, give them cushion, be at or above their peers.

For the most part, "happiness" in the U.S.A. starts at 50% more than the average salary ($50k).