Acknowledging that employees are a company's most important strategic asset, more corporate leaders are stepping up to talk with their workers and evolve their pay practices. PayPal is one: When a 2018 survey revealed that nearly two-thirds of its hourly workers struggled to get by, CEO Dan Schulman was shocked, because the company paid, by previous benchmarks, at or above the market rate. PayPal's mission was to democratize access to financial services, and Schulman saw firsthand that it was becoming a reality for its customers, but not its employees. PayPal now implements several measures to improve the financial well-being of its workforce and has, ultimately, strengthened its business through enhanced employee engagement and productivity and higher net promoter scores with customers.
βA living wage is the amount of money needed for a given worker and their family to cover the cost of their minimum needs where
they live, including food, childcare, health insurance, housing, transportation, and other necessities like clothing and personal care
items. β
As the country navigates this latest phase of the pandemic, a living wage should be a critical calculation for corporate America to make. Those companies that will thrive in both the current and post-pandemic economy will be those that prioritize their workersβnot just in their rhetoric but in paying them a living wage.
In a a speech on Depression recovery measures, Franklin Delano Roosevelt stated bluntly: βIt seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country...and by living wages, I mean more than a bare subsistence level, I mean the wages of decent living."
For decades, our country has recognized that employers are responsible for ensuring workers aren't just scraping by on their pay.
They're at the Mobara Country Club, what would they think of their successors and their diplomatic relationship between them? If they can talk to each other of how things change after the war.
#The Second Bill of Rights
Proposed by Franklin Delano Roosevelt January 11, 1944
EVERY AMERICAN IS ENTITLED TO:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.
