Could some one please assist me with an reply to my classmate post. Here is the
ID: 375220 • Letter: C
Question
Could some one please assist me with an reply to my classmate post.
Here is the question :In this week's readings, we looked at the concept of distribution of wealth. In reviewing these concepts, how "fair" is it to expect the owner of a company who puts up a tremendous amount of risk in creating a company, to share more and more of the wealth that the company makes with others? Make sure you support your answers. Students should plan on having initial postings completed by Thursday evenings, and submit responses to at least two other student postings by Sunday evening.
Here is their reponse:
The owner of a company should not be forced to give up the fruit of his labors under a plan to spread wealth. However, some owners see expenditures for Corporate Social Responsibility as beneficial to their bottom line, spreading good will and engaging employees and the community in the common good. Capitalism has thrived in the United States, but has resulted in a continued rise in wealth of the “top 10%” of income earners (Kersley and Koutsoukis, 2016). This trend may be good for the rich, but the day of reckoning will come when too many people fall into poverty or keep struggling with low wages, and government action will be needed (Collins, 2015). So, action today by companies will provide a better workforce for tomorrow.
International trade has allowed products to be made at lower cost and opened markets around the world. These changes in the global economy – while positive for the most part – may have contributed to the disparity in wages (Thoma, 2015). Companies need to invest in the community to train workers and battle poverty and other social problems. Entitlements without accountability and incentive for growth out of the situation are not helpful. Finding the right balance that will benefit owners and employees is important to sustainable growth in the free market.
I need a reply to their reponse Thanks in advance
Explanation / Answer
The owners of the companies need not distribute their hard earned wealth but they need to set some standards like providing decent wages to the company.The owners need to understand the increasing cost of living and need to provide their workers with what is necessary for their living. It is the responsibility of the owner as the workers are also responsible for their increasing wealth.