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Business Ethics - March 24

by: Jada Notetaker

Business Ethics - March 24 PHIL 3730

Jada Notetaker
GPA 3.88

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About this Document

These notes cover the guest speakers' lecture about corporate inequality.
Business Ethics
Dr. Suzanne Neefus
Class Notes
Business Ethics, PHIL 3730, Dr. Suzanne Neefus, Dr. Neefus
25 ?




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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:­moral­philosophy­tells­us­ 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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