The nineteenth century was a new era which boosted the economy with many not realizing the power it would bestow. It brought with it many business mergers and new advancements in technology that we continue to use on a daily basis. These advancements held many opportunities for men to succeed and gain a great amount of wealth. Many of these business men had astounding prospects in making our world a better and easier place to live in. We can take into consideration inventions such as the telephone that was created by Alexander Graham Bell or the rise of finance capitalism created by J.P. Morgan. We can also consider Jay Gould who made a huge impact with the expansion of Railroad's. These are some great examples of how our economy improved but
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Martin Shkreli (who is considered to some as the most hated man in America) is an entrepreneur is a CEO of a major pharmaceutical company that provides treatment for AIDs/ cancer patients. He is a business man who realized that he could make millions off these patients since there is no cure for these types of diseases. He saw the opportunity to raise the cost of these drugs from about $15 to an estimated $700 for each pill! I don't believe this is ethical and I'm sure there are many more companies doing the same. Some similarities of businesses being ran today would be the fact that worker's still feel as if they are underpaid or taken advantage of. Take Wal-Mart and Mcdonald's for example. They are very successful companies that will never go out of business but a lot of employees are dissatisfied because of the long hours and tedious work that is required to complete their jobs. What they don't realize is that our minimum wage is set by our government and is controlled under The Fair Labor Standards Act. Companies such as retail or fast food will pay the minimum as long as it's allowed by law and is considered to be "fair" pay. What's fair is fair and that's the premise that society lives
Martin Shkreli (who is considered to some as the most hated man in America) is an entrepreneur is a CEO of a major pharmaceutical company that provides treatment for AIDs/ cancer patients. He is a business man who realized that he could make millions off these patients since there is no cure for these types of diseases. He saw the opportunity to raise the cost of these drugs from about $15 to an estimated $700 for each pill! I don't believe this is ethical and I'm sure there are many more companies doing the same. Some similarities of businesses being ran today would be the fact that worker's still feel as if they are underpaid or taken advantage of. Take Wal-Mart and Mcdonald's for example. They are very successful companies that will never go out of business but a lot of employees are dissatisfied because of the long hours and tedious work that is required to complete their jobs. What they don't realize is that our minimum wage is set by our government and is controlled under The Fair Labor Standards Act. Companies such as retail or fast food will pay the minimum as long as it's allowed by law and is considered to be "fair" pay. What's fair is fair and that's the premise that society lives