Below is an article by Rick Wilson of the Charleston-Gazette-Mail. I wanted to briefly add a few annotations.
I know first hand that when you own a business cash flow is very important, especially in the beginning. Many companies don’t have the resources to pay their employees a true livable wage. So how can they overcome this? One way is by offering stock options, which is exactly what Amazon does. Why not share the success with the people who helped make you successful? It’s impossible to do it alone, it takes a team. I think it’s not only the socially responsible thing to do but it’s also good business, using and abusing people is not.
Of course, you don’t have to be Amazon in order to justly compensate those who help make your company successful. Again, get creative, don’t churn and burn through people, it’s just bad business and you may very well suffer the consquences sooner than later.
Below is the original article, you can see the full Story at Charleston-Gazette-Mail | Rick Wilson: Is kicking poor people a WV priority?
In the 1870s, the nation was slammed by one of those periodic depressions that punctuate our economic history. Although largely forgotten today, it was known as “the Long Depression” for its lingering effects. It lasted for 65 consecutive months — longer than the 43-month contraction of the Great Depression of the 1930s.
Around 18,000 businesses failed between 1873 and 1875. Unemployment rose above 8 percent. Millions of Americans were jobless, hungry and homeless. In those days, there was no such thing as unemployment insurance, food assistance programs like SNAP or supports for the elderly like Social Security.
– See more at: http://www.wvgazettemail.com/gazette-op-ed-commentaries/20161222/rick-wilson-is-kicking-poor-people-a-wv-priority-gazette##sthash.M6gI5D46.dpuf
That sounds like a grim existence, but there were those at the time — who had full bellies, money in their wallets and a roof over their heads — who condemned “the over-generous charity of the city” on the grounds that it “might sap the foundation of that independence of character, and that reliance on one’s own resources.” – See more at: http://www.wvgazettemail.com/gazette-op-ed-commentaries/20161222/rick-wilson-is-kicking-poor-people-a-wv-priority-gazettesthash.M6gI5D46.dpuf