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Economic Justice and Ethics
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Flashcards
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Living Wage
Ensuring employees are paid a wage that meets basic living standards
Equal Pay for Equal Work
Eliminating wage gaps based on gender, race, or other irrelevant factors
Progressive Taxation
Implementing a tax system where tax rates increase with higher income brackets
Fair Trade
Supporting policies and practices that favor sustainable production and fair conditions for workers
Corporate Social Responsibility (CSR)
Integrating social and environmental concerns into business operations
Universal Basic Income (UBI)
Exploring UBI as a corporate policy to provide financial security to employees
Employee Ownership
Offering stock options or opportunities to buy into the company
Wealth Redistribution
Engaging in philanthropy and charitable giving to balance wealth disparities
Workplace Diversity and Inclusion
Promoting diversity in hiring and management practices
Consumer Protection
Adhering to regulations that protect consumer rights and interests
Environmental Justice
Ensuring business activities do not disproportionately affect disadvantaged communities
Anti-corruption Measures
Upholding transparency and accountability to prevent corrupt practices
Responsible Investment
Investing in socially and environmentally beneficial enterprises
Data Privacy and Protection
Ensuring customer and employee data is handled with confidentiality and security
Support for Local Economies
Prioritizing local suppliers and small businesses in procurement practices
Healthcare and Benefits
Providing adequate health coverage and benefits to employees
Financial Literacy and Education
Offering training programs to help employees manage their finances
Economic Democracy
Encouraging participation of workers in business decisions
Balanced Globalization
Advocating for trade policies that fair to all parties involved, including developing countries
Sustainable Growth
Focusing on long-term prosperity without depleting natural or social resources
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