Trump is only a symptom of a much larger problem and if he’s defeated this fall, our problems won’t magically go away.
There has been, and always will be, a wealth gap between the rich and the poor. It’s the degree of this disparity that is the issue.
The business sector has much to contribute to addressing social issues. It can bring financial support and expertise and customize products and services. It can harness its core competencies and business assets to create lasting societal and business benefits. But perhaps most importantly – customers are beginning to demand this change.
A living wage would not only have a positive effect on employee well-being, which improves productivity and reduces employee turnover; it also would increase the buying power of citizens, which is good for the economy and the company itself.
Does it make moral or economic sense to ask taxpayers to subsidize one of the wealthiest companies in the world?
Why Paying Fast Food Workers $15 per hour (a Living Wage) is Good for the Economy: What Would Henry Ford Do.
As an economist who analyzes living wages and the cost of living, a living wage for an individual worker in the US or Canada would range between $13-$15 per hour. Anyone can do the math: just consider the actual costs of living in your community...
Executives must rise above narrow sectoral and short-term interests, and work with governments to create a new framework of incentives and sanctions, rewarding investment in people and planet.
A recent Wall Street Journal/NBC News poll found that 63 percent of Americans “strongly favor” raising the minimum wage to $10.10 per hour...yet it remains at 7.25 - what's widely considered to be a "poverty wage".