USA HISTORY

Detailed explanation-1: -Does a company have an ethical duty to find a balance between remaining profitable and paying all workers a decent living wage? Why or why not? Yes. A practical method to boost a company’s profitability is to have an ethical duty to balance keeping profitable and giving all workers a decent living wage.

Detailed explanation-2: -Many workers are denied fair wages by their employers. Because they badly need work, workers have no bargaining power and are paid low wages. This law is meant to protect the interests of all workers; particularly, farm labourers, construction workers, factory workers, domestic workers, etc.

Detailed explanation-3: -A living wage enables workers to buy goods and services, thereby increasing consumer demand and kick starting the engine of economic growth. That is to say, fair wages don’t just benefit workers and companies on an individual level, they also helps the economy as a whole to function well.

Detailed explanation-4: -A living wage is a long term strategy that will benefit your business. Employees become assets and not a cost. Through the benefits of lower employee turnover, increased productivity and improved customer service it makes good business sense to pay employees a living wage.