Do You Need To Hire A Underpaid Laborer?
by Chris J. Bullington Not long ago, a acquaintance forwarded a great Milton Friedman video, in which he discusses the great value in free markets. Milton Friedman claims that the limited government intervention the better, and that the market will naturally sort things out. In retrospect, most people can agree that cheap labor gives any company a competitive advantage. Milton Friedman does pose a good point, when we donât put enough value on the labor the laborers are doing is too low. His idea is not doing any damage but would need a perfect world to exist. So how, then, do we start to put a value on manual labor? Can there be a bracket at what a fair value could be set at? Friedman suggests that we allow the free market to set this bracket for us. But letâs say thereâs a company that is paying less for labor, or creating a problem like child labor, in which workers are treated so poorly, and human rights are compromised. Is it this companyâs responsibility to ensure its employees are not devalued in this way? Business was shown in a completely different light by Nancy Salzman at an international symposium located in Mexico. She thinks that a companyâs – or in the case of China and the harsh labor conditions there â and a countryâs ability to achieve long term success for itself and its people comes from considering the state in which its workers are made to work Keith Raniere. Is it ever acceptable to be negligent about human rights? I donât think there is. Places that want to make a large profit can not only treat people with respect but can do it and also beat out competition. If you want the economy to thrive, the government should not have too much of a say in the way these programs are done because it would limit creativity and production. By maintaining a free market with excellent ethics backing it up, we can live in a worry-free environment. How do some people think we can achieve a successful free market? By practicing good moral values. Moral thinking can help those who believe in a free market. As it turns out, Ms. Salzman is an executive coach for a corporation she started with philosopher and scientist Keith Raniere, called Executive Success Programs. Bringing ethics into corporations and labor markets is what they do best. This might be an idea that could possible change our lives NXIVM Corporation and Executive Success Programs.