Ethical Implications of Paying Living wages.
For long the issue of living wages has been being debated. It has been discussed time and again that if paying minimum wages to the hardworking workers is ethical. Research shows that minimum wage barely provides enough to support a family. This amounts to economic injustice.
The income inequality in the American society has kept growing over years. Most of the wealth has accumulated in the hands of the upper 10 percent. It means while the rich are getting richer, The poor are getting poorer. So, overall economic investment in the low income workers is low.
This is more than an ethical failure. The employers are required to pay their workers with decent wages which pays for their living costs as well as …show more content…
Arguments have been being raised both in favor of living wages as well as as against them. Frequently, it is argued that the employers establish businesses for their own profits and not the workers. So, the benefits should go to them, If hey pay the workers higher their share of profits will become low. However, it is unethical. However, the case for living wages is becoming stronger day by day. It is because a large number of organizations are trying to fight for the workers and for better living conditions for them. Moreover, it has been recognized that better wages means higher productivity. So, over all the case in favor of living wages is getting stronger now. However, there are also formidable obstacles in the way of making living wages a reality. Difficult economic times mean cost pressures on the companies. In an attempt to minimize costs the companies are cutting down on wages (Pegram & Sullivan, 2013). Moreover, it is not clear that whose liability it should be. Despite the obstacles the demand for living wages has continued to grow strong during the past few years. A number of major companies have committed themselves to the cause of living wages. Several other organizations are also working to
For long the issue of living wages has been being debated. It has been discussed time and again that if paying minimum wages to the hardworking workers is ethical. Research shows that minimum wage barely provides enough to support a family. This amounts to economic injustice.
The income inequality in the American society has kept growing over years. Most of the wealth has accumulated in the hands of the upper 10 percent. It means while the rich are getting richer, The poor are getting poorer. So, overall economic investment in the low income workers is low.
This is more than an ethical failure. The employers are required to pay their workers with decent wages which pays for their living costs as well as …show more content…
Arguments have been being raised both in favor of living wages as well as as against them. Frequently, it is argued that the employers establish businesses for their own profits and not the workers. So, the benefits should go to them, If hey pay the workers higher their share of profits will become low. However, it is unethical. However, the case for living wages is becoming stronger day by day. It is because a large number of organizations are trying to fight for the workers and for better living conditions for them. Moreover, it has been recognized that better wages means higher productivity. So, over all the case in favor of living wages is getting stronger now. However, there are also formidable obstacles in the way of making living wages a reality. Difficult economic times mean cost pressures on the companies. In an attempt to minimize costs the companies are cutting down on wages (Pegram & Sullivan, 2013). Moreover, it is not clear that whose liability it should be. Despite the obstacles the demand for living wages has continued to grow strong during the past few years. A number of major companies have committed themselves to the cause of living wages. Several other organizations are also working to