4 ms·
This question comes across as a little callous, but I think the intent is genuine and is worthy of inspection. In general, the best things that can be done to
by rm_-rf_slash 8y ago
This question comes across as a little callous, but I think the intent is genuine and is worthy of inspection.
In general, the best things that can be done to address inequality from a for-profit perspective is to reduce consumer costs. Now the obvious problem is that if you cut costs by paying your own people less - or by opting to get your business’s goods and services from suppliers that also pay poorly - then you have only moved inequality from one place to another. But if you invent a way to create goods or offer services at a lower cost without having to cut wages - perhaps by being more efficient with energy or input materials - then you can pass some savings along to the consumer while the rest go to the shareholders as profit. Competitors may go out of business, but new corporations and jobs will take their place. For example, almost everybody uses electricity for light; few use candles, and even then it is more of a luxury than a necessity (like a romantic bedroom scene).
Technological innovation, in my opinion, is the only way that a for-profit corporation can make money and reduce inequality.