Inequality In Business Essay

Register to read the introduction… There are also both positive and negative impacts of immigration on the economy and businesses. A positive aspect of immigration is that it is invaluable when there is a labour shortage, such as after WWI and WWII where Pakistani and Indian immigrants were invited to work in Britain. There is also the benefit of immigration helping to provide sustainable types of business such as that of Chinese restaurants. However there are negative aspects too, with immigration concentrations in particular areas putting stress on the public sector for certain services. Immigration however can also result in competition for jobs, which then causes businesses to lower wages as there are ample people willing to do them. Though it depends on the circumstances as to whether people see this as a good or bad thing ie in retail it as seen as a positive; cheaper …show more content…
Therefore with it being such a key characteristic of British society it has a lot of implications (both good and bad) on businesses. The main debate surrounding inequality is how much of it is necessary. Inequality can have a positive impact on businesses with the use of incentives such as high pay are used to attract people with the most talent it ensures that the most talented people get the best jobs thus helping efficiency as people are more driven to do these jobs. It is often said that the gap between the highest and lowest earners is unfair; however businesses claim to pay ‘the going rate’. Businesses state that this is due to the ‘scarcity of talent’ increasing the price of pay for certain jobs, however in other areas where there is ample amount of workers applying for a job, this generally holds down the price of wages (this tends to happen at the lower end of the market). This is argument explains why the CEO Bart Becht received a £36.8million pay packet in …show more content…
It is undeniable that the demographic features of British society will continue to change and develop, therefore meaning that businesses will to. It is most likely that due to the ageing population there will be more of a concentration on issues such employer responsibilities surrounding pensions, and issues surrounding inequality of the elderly in the workplace. The continuous globalisation of businesses will ensure that Britain remains multicultural for the foreseeable future, therefore racial attitudes in the workplace is something that businesses will continue to have to work on; with people becoming more open minded to different cultures and religions in the