We have a responsibility to our employees and the working class as members of the corporate community. Unfortunately, history has shown us that this responsibility has been neglected repeatedly.
As a result, there is a growing economic inequality and a working class that is struggling to make ends meet. We will look in-depth at how the business community has squinched the working class and how we can change course.
Outsourcing
One of the most significant ways that the business community has screwed the working class is through outsourcing. Many companies have moved their operations overseas to pursue cheaper labor. While this may benefit the bottom line of these companies, it has devastating effects on the working class.
Workers are now doing jobs once held by Americans in other countries who are often paid far less. As a result, there are now fewer jobs accessible to the working class, and those who are fortunate enough to have a job are receiving lower pay.
Wage Stagnation
Another way that the business community has screwed the working class is through wage stagnation. While living expenses have kept rising, many workers’ incomes have stayed flat. Due to this, it is now less difficult for the working class to make ends meet, which has increased the wealth gap between the affluent and the poor.
The Gig Economy
The rise of the gig economy is another way the business community has screwed the working class. Although some would contend that this kind of work gives flexibility and independence, the truth is that it frequently delivers poor job security and low pay.
Workers in the gig economy are usually classified as independent contractors, which means they do not receive the benefits or protections afforded to traditional employees. This puts them at a significant disadvantage and makes it difficult to make a living wage.
Automation
Automation is another way that the business community has screwed the working class. At the same time, technological advancements have led to increased efficiency and productivity but also led to job loss for many workers.
Machines and robots are often able to do the work of several employees, which means that companies can save money by laying off workers. This devastates the working class, who are often left without a job and with few prospects for employment.
What We Can Do
As business community members, we have a responsibility to do better. We can start by investing in our employees and paying them a living wage. This means paying workers a wage that allows them to support themselves and their families without relying on government assistance.
We can also provide benefits like healthcare and paid time off, essential for workers to lead healthy and balanced lives. We can also commit to keeping jobs in the United States and not outsourcing them to other countries.
This means valuing the contribution of American workers and investing in their training and development. By doing so, we can create a workforce that is highly skilled and competitive on a global scale.
Finally, we can work to create a more equitable society by advocating for policies that benefit the working class. This means supporting initiatives like a higher minimum wage, universal healthcare, and paid family leave. These programs will go a long way in perfecting workers’ lives and creating a more just and indifferent society.
Conclusion
The business community has a responsibility to the working class, and we have failed in that responsibility time and time again. By outsourcing jobs, keeping wages stagnant, and promoting the gig economy and automation, we have contributed to a widening income gap and a struggling working class. It is time for us to do better. By investing in our employees, committing to keeping jobs in the United States, and advocating for policies that benefit