Question

Recall how we developed an offer curve in "wage" and "risk of injury" space. In the questions below, consider, instead, that some firms participate in markets that offer opportunities for more-questionable ethics, while other firms operate in markets that offer few opportunities for similarly unethical behaviour.

1.For a given firm, what tradeoffs do you imagine between wages and allowance for unethical behaviour? Why?

2.Across firms, what does the offer curve in that space look like?

3.How do anticipate that workers will sort across these firms? Explain your answer.

Answer 1

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Walmart has been always criticize for being an ethical towards the society as well as their employees. From having conversation and issues with Union as well as training propaganda for filling up Their employees with nonunion thoughts.

Walmart's unethical acts can be described as follows.

Walmart hurts community feelings

This is one of the most discussed unethical process of Walmart which includes direct exploitation of the local community by entering the local market. In place of creating business opportunities for the local community Walmart opens its big store and eats up their business.

Aggregate and sustainable economic models in the surrounding communities for so many upcoming years. This is specific unethical practice leaves a diverse effect only society.

Uses of foreign labour and child labour

Company has always been criticized for using foreign labour as well as the child labour in their work facility. 50% of the Walmart goods comes from the Overseas suppliers which takes away the local jobs as well as creates an unstable environment for other businesses as well. Most of the walmart's foreign 4 uses the child labour the fine example in Bangladesh where workers are exploited by giving out the dangers as low as $30 per month for a 12 hour job.

Underpay

Walmart has been very famous for helping women as well as giving some liberty to pregnant workers. Walmart strategy has always been against this thing and they have been working as a money making machine towards the society. This unethical practice has led them to trouble many times but in 2001 the case of Walmart vs Duke was also ripped out by the supreme court and it made the female employees more and presented and underpaid.

Unsafe working environment.

Walmart has been a very and safe place for working for various employees. They have been charged with several health administration sided violation in New York as well as in other states as well. Overseas factories of Walmart are literally exploiting the human rights and endangering the Overseas workers at their home to. The most criticise job strategy was the lock-ins, in which the employees were locked inside the facility at the night to ensure that they stay at their jobs.

Poor health care system

Walmart healthcare system is very poor, their Healthcare plans are literally their to benefit the company itself and does not provide any kind of intense protection to the workers. That doesn't even pay enough for health care at all. They have also cut the insurance benefit to its part time employees and have not provided any kind of compensation regarding that.

These were some of the specific terms which hurt me the most as a customer as well as employee to the walmart. Is the specific practice ruins the image of Walmart in the society and makes it an unethical business provider. This kind of business strategies as well as pattern are totally unacceptable hence the Walmart should stop doing all these unethical things and focus on being more ethical and socially responsible.

P.S.- Please use separate threads to ask multiple questions at a time.