Why is this important to Humanistic Management: In this essay for the Great Transition Initiative, Global Reporting Initiative co-founder Allen White reflects on the history and present of corporate social responsibility and argues that CSR advocates must go deeper, pushing for a redesign of the corporation itself. This piece will be of interest to all those seeking to make a more equitable and sustainable mode of business.
An important question for business leaders is whether they are paying their employees enough to have decent lives. Certainly, if they think that the government poverty threshold is too low, isn’t it their duty to pay much more than the minimum wage? After all, labor productivity has been increasing in the past years while real wages have been stagnant. Shouldn’t workers get a higher share of this productivity increase?