Submitted by: Ben Teehankee of De La Salle University
Why is this important to Humanistic Management? It gives perspective on interpreting poverty lines.
“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?”