Business Ethics - March 24
Business Ethics - March 24 PHIL 3730
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This 2 page Class Notes was uploaded by Jada Notetaker on Monday April 18, 2016. The Class Notes belongs to PHIL 3730 at Georgia State University taught by Dr. Suzanne Neefus in Spring 2016. Since its upload, it has received 8 views. For similar materials see Business Ethics in PHIL-Philosophy at Georgia State University.
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Date Created: 04/18/16
PHIL 3730: Business Ethics 3/24/16: Inequality & Corporate Pay Readings: http://www.theatlantic.com/business/archive/2012/02/whatmoralphilosophytellsus aboutincomeinequality/252455/ Guest Speaker: James Gillard Inequality: Is it a matter of justice or fairness? Well, what does utilitarianism have to say about that? It focuses on the greatest good; therefore, inequality just isn’t as important by comparison. John Rawls – Inequality is only justifiable if it benefits the most disadvantaged. Rawls Rawls’ Maximin Principle – While in the Original Position (the space behind the Veil of Ignorance), everyone objectively decides on the best principles of justice by weighing the outcomes of the worst options and picking the one that has the most utility. An example of inequality benefitting the lease welloff is Coach vs. FirstClass Seating. By charging more for premium treatment, coach becomes more affordable. Let’s bring it back a little and ask something easier to wrap the mind around: Why should I bother to follow laws? Society is built on a “fair” system of social cooperation. Essentially, teamwork makes the dream work. Obviously, Rawls’ egalitarianism isn’t perfect. Let’s say an unequal distribution of resources (money) is deemed fair since it satisfies the Maximin Principle, there’s a chance it’ll breed envy where there was none before. Corporate Pay Are there any justifications for corporate inequality? One was offered: There’s only so many qualified executives available and they know this. By capping their salaries, they won’t really see a reason to go for the job. Robert Nozick – Any inequality is justified so long as it was reached through Just Steps™. If the process was just, the outcome must also be just.
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