Question

Please answer number 2

Statement 1: "Business executives are greedy profit-maximizers, caring only for themselves." Statement 2: "It has been established that workers doing filthy, dangerous work recieve higher wages, other things equal." Can both of these statments be generally true? Why?

Answer 1

Both the statements can be true. It is true that business executives are generally greedy profit maximizers who only care for themselves. One question arises here that how would the greedy business executives pay workers higher wages for working in poor working condition. Let's discuss in detail.

Generally workers are poor people they need money also safety for their life. If the workers are aware of their job type, the hazardous working condition and also have a option to take another job, they will interested to take filthy, dangerous work. Their behaviour will change even the most greedy executives decision and they will ready to pay fair wages or more than fair wages for filthy, dangerous work. Again, how much greedy the owners may be they need workers for their company and to get workers they must pay a wage that will fulfill workers need. On the other hand, if the workers have other jobs at same wage and with good working condition, they will ready to accept this offer and symultaneously they will also ready to work in a poor working condition. Here the workers' behaviour will push the executives to pay their full wage and keep the workplace neat and tidy. Also the executives will provide the workers safety equipments so that it can save their life.