I just can't recall when, but the following was from an episode of the
"Religion and Ethics" program aired on PBS during a past Congressional
debate on the minimum wage. I recall the term used was "just wage".
Problem is that here in the USA such criteria is labeled communist,
instead of Christian.
--
Doug, N0LKK
Kansas USA inc.
BUSINESS EXECUTIVES
FOR ECONOMIC
JUSTICE
Criteria For Determining
Whether A Wage Is Just
1.You cannot assume a wage is just
because someone is willing to accept
it.
2.The lowest full-time paid person at a
company ought to be properly
compensated to allow the person a
standard of living consistent with
human dignity.
3.Your primary obligation is managing
the company as a going concern for
the benefit of all the stakeholders
(investors, employees, customers, and
community), recognizing that these
are not mutually exclusive.
4.The right of all employees of the
company to earn a living wage is at
least as important as the right of
owners/investors to earn a reasonable
rate of return on their investment in
the company.
5.If the above four criteria are met:
Owners/investors, since they risk
their capital, are justified in
earning a higher level of
compensation than generally
prevails among their employees.
Managers are also justified in
earning a higher level of
compensation, because of their
assumed responsibility, level of
talent, and experience.
For more information, write to:
Business Executives For Economic Justice
711 W. Monroe St.
Chicago, IL 60661
--
Doug, N0LKK
Kansas USA inc.
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