Corporate greed is out of control and shareholder confidence outweighs any concern for easily replaceable human beings. Business has learned from the past regarding Unions, Living Wages benefits etc. after all the Federal Govt. Is little more than a leisure service for Exxon and Wal-Mart. All wages in this country are shameful. All large corporations that focus on minimum wages could triple their employees pay. But unbridled greed hidden inside sensationalistic lies are the order of the day. I truly worry about the future we are leaving behind for future generations.
It's a good idea. Shame all businesses don't think the same. I guess that's why there's the minimum wage.
It's not because they can afford it, that they will also buy it lol.
It is a more complicated decision to make than the factors listed above include.
So how much should a company making an aircraft carrier pay it's workers?
A fair living wage is perfectly reasonable. The existing system, at least in the UK, pays so much in benefits that employers are arguably able to pay below a living wage, hence perpetuating the need for benefits.
This is neither good for the individual nor the country, nor perversely the company who will be taxed more and more to pay for benefits, though without any real input into how these are administered.
Henry Ford also had a problem with Jews. Historically, accepting the ideas of Henry Ford have been bad for humanity.
Can we not accept just some of his ideas?
Indeed we can. This is the hallmark of thinking people!
The idea of a "living wage" ignores a lot of realities. For instance "national economic policy".
People who think about "living wages" generally ignore the inflation created by economic policy, and generally support "minimum wages".
Inflation makes money less useful. Counterfeiting does this, but so does economic policy. Useful money means people are willing to give their time for it. When you have people unwilling to give their time for money, it means the money has become less valuable than their time. In situations like this, people resort to barter (trade of time for time). When someone finds greater value in babysitting the kids of their friends (rather than being a professional babysitter), it indicates that the favors of their friends are more valuable than money.
Henry Ford happened to live in an era between "sound national policy" and "inflationary national policy". Recognizing the difference is important to understanding the values of his ideas.