Decent Wage: A Matter of Responsibility and Accountability
The debate over decent wage and job security has been a contentious issue in business ethics. While it might sound straightforward in theory, the concept can be complex and multifaceted. The question is whether an employer who cannot afford to pay a decent wage with reasonable job security should remain in business. This essay explores the complexities of the issue and delves into the broader concepts of living wage, financial planning, and business responsibility.
The Concept of a Decent Wage
Business owners often offer wages when hiring new employees. However, the minimum wage in the United States should not be just a dollar-per-hour figure; it is more accurately understood as a monthly or yearly income. This is because most bills are paid on a monthly basis, and welfare benefits are calculated on a yearly income. A living wage is defined as 3 to 4 times the US federal poverty level in the 48 continental states, with higher living wages required in Alaska and Hawaii. In areas near the top 10 commerce centers, the living wage is even higher.
Financial Obligations and Personal Responsibility
Not everyone requires the same amount of money. For instance, individuals who have no debt and own their home and transportation free and clear may not require as much income. However, it falls on the individual to create a household financial plan to ensure financial stability. Failing to do so is a personal responsibility, not one to be placed on the employer or the government.
When an adult cannot afford to live on the current decent wage and job security, it is the individual's responsibility to seek alternative employment rather than relying on the employer or the state. However, it is important to recognize that the term “decent wage” is subjective and can vary widely based on an individual's financial obligations and personal circumstances.
Employer's Responsibility and Business Viability
Some argue that if an employer cannot afford to pay a fair wage, they should do the work themselves. This raises the question of whether the employer has the capability and resources to continue their business. If an employer is unable to provide a living wage, they may not have the means to invest in their business effectively.
The issue of job security is also crucial. The term "job security" is not always clear, as it can vary widely depending on the nature of the job and the industry. Short-term jobs, such as those related to lawn care, roofing, and summer camps, may not offer long-term employment. Defining what constitutes job security for these roles can be difficult, as it is often related to seasonal work patterns. Additionally, job security is not a one-size-fits-all term; it can mean different things to different employees.
Conclusion and Concrete Suggestions
While the idea of a decent wage with job security sounds ideal, the details and practicalities make it a complex issue. Employers have a responsibility to provide fair wages, but individuals also have a responsibility to plan their finances and seek out opportunities that align with their needs and goals. Governments can play a role in setting minimum wage standards, but the ultimate responsibility lies with the individual.
It is crucial for businesses to prioritize the well-being of their employees. However, the question of how to define a decent wage and what constitutes job security remains vague in many contexts. Concrete suggestions, such as creating clear job descriptions, setting transparent wage structures, and ensuring compliance with local labor laws, can help address these issues more effectively.