4 ms·
>There is no way you can spin the argument such that the company would always derive higher profits by taking the moral choice. No, because it's nearly impossi
by halomru 10y ago
>There is no way you can spin the argument such that the company would always derive higher profits by taking the moral choice.
No, because it's nearly impossible to get even two people to always agree what the moral choice even is.
But your examples are fairly easy: all of them are clearly net negatives for society, and would only be profitable for companies if they don't pay the true costs of their behavior.
Child labour carries a huge opportunity cost for the child: it can't get proper education, potentially costing it millions in lifetime earnings. Given a lack of immediate financial pressure, the economically rational decision for a child would be to demand far higher pay than an equally skilled adult because the salary has to offset the labor cost.
Similar arguments can be made for working people to death and giving them no vacation, but the payment schemes become complicated. Luckily they are even easier to solve: if unemployment is an acceptable condition (little stigma, decent unemployment benefits, etc), then the pool of people willing to work such jobs vanishes.
Of course regulation also works. Sometimes it's the sensible option (much easier to outlaw child labour than to teach economics and long term thinking to small children). But it is always valuable to first check if we can fix the root causes of a complex problem before we start with medicating the symptoms.
- emodendroket 10y agoI kind of feel it'd be dishonest for me to start arguing against discrimination with the rationale that diversity is good for companies because the fact is that I'd oppose it even if it were bad for them; the economic soundness or unsoundness is not the reason I oppose it. Also, I'd point out that, in fact, market mechanisms did not work to stop abuses like child labor.
- tropo 10y agoChild labor is probably better solved by paying kids for good grades in school. The ones getting an education would be less likely to divert effort to jobs that might take away from study time, even after they turn 18, while the ones who aren't getting an education anyway could at least gain some work experience and bring value to their families. This would also greatly reduce classroom disruption by "students" who are not actually learning. For example: $1000/year for a D, $2000/year for a C, $4000/year for a B, $8000/year for an A. (probably better to use national test score percentile though)