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Relevance of Business ethics
the life and works of milton friedman
the life and works of milton friedman
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Milton Friedman believes America can still be the cooperative society in which citizens work together for individual benefit. The focus on his lecture relates to what he views as problematic areas. Friedman points to government and laws as an influence on ethics. Many people can profit from illegal activity such as smuggling immigrants into the country and selling drugs. Profiting from illegal acts sends a message to society that laws are to be disregarded. Unethical behavior and disregard for the legal system can be found in many examples in the corporate world.
Another ethical focus of Friedman's lecture is work ethic. He believes illegal immigrants have a greater desire to work hard and give everything they have, as minimum wage laws have less of an effect on them. In addition, illegal immigrants are not eligible for Federal or state welfare benefits. Therefore, they will do what it takes on their jobs to product the expected results. Those of us with greater protection tend to take our jobs for granted. Therefore, we are less motivated in getting the job done and doing what is ne...
Realizing Ethical Issues Helps You Avoid Unethical Behaviors In this age of change, the human society is progressing rapidly on various fields. However, the ethical problems are becoming increasingly severe. According to the teaching notes of “In It To Win: The Jack Abramoff Story,” “During the Bush Administration, Abramoff was the most influential lobbyist in Washington, D.C. His excesses led to his downfall and that of Congress members with whom he was closely connected, including aides, business associates, government officials, and lawmakers.”
"I pledge you, I pledge myself, to a new deal for the American people.” I, Franklin Delano Roosevelt, created many government programs in an attempt to end the Great Depression. I was born January 30th, 1882 in Hyde Park, NY. In my childhood I grew up on a farm near the Hudson River. My fifth cousin was Teddy Roosevelt. My journey to politics began when I became the New York state senator in 1911. I also became the governor of New York in 1929 before running for president. That same year the stock market would crash and the Great Depression would begin.
Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves. He brought hope as he promised prompt, vigorous action, and asserted in his Inaugural Address, "the only thing we have to fear is fear itself." Despite an attack of poliomyelitis, which paralyzed his legs in 1921, he was a charismatic optimist whose confidence helped sustain the American people during the strains of economic crisis and world war.
In each of the authors essays in this book, is the truth of the smut and other things of the American ideal. You could say it is a liitle bit Weber's Protestant Ethic meets Larry Flynt. In each scenario, whether through agricultural facility and personal liberties, in the case of marijuana criminalization; immigrants in search of a better life, in the case of stigmatized farm workers; or punishing a successful businessman because of his lack of morals, Eric Schlosser returns to the unpleasant image of America as a bundle of hypocrisies.
The author intended audience are the companies that employed low-wage workers, therefore, the intended audience to modified the payment of each individual that has sacrifice each second of their time. One of the assumptions that the author believes is the fact that companies itself has not acknowledged the efforts of each employ. Barbara assumes that not everyone in our society has even cared about employees feeling or about their lives. Everything we see around us are made by humans who had to sacrifice everything in order for us to basically live in and own it. Ehrenreich considers the target audience as ignorant, unappreciated, and ungrateful for the employees that work for each company within our nation, more likely make up most of the
The United States cannot afford to lose the economic gains that come from immigrant labor. The economy would be suffering a greater loss if it weren’t for immigrants and their labor contributions, especially during the 2008 U.S. recession. The U.S. economy would most likely worsen if it weren’t for the strong labor force immigrants have provided this country. Despite the mostly negative views native-born Americans have towards immigrants and the economy, their strong representation in the labor forces continues today. Immigrants aren’t taking “American” jobs, they are taking the jobs that Americans don’t want (Delener & Ventilato, 2008). Immigrants contribute to various aspects of the economy, including brining valuable skills to their jobs, contributing to the cost of living through taxes, and the lacked use of welfare, healthcare, and social security when compared to native-born Americans, showing that the United States cannot afford to lose the contribution immigrants bring into the economy.
Crean, Tom, and Will Soto. "Immigration and the Class Struggle in the US." Socialist Alternative. Committee for a Workers' International, 1 Apr. 2007. Web. 20 Nov. 2013.
Mexican immigrants in the United States are willing to work hard and long hours throughout the day regardless of the amount of sleep or rest they may get. Conversely, this is not how Efren Mendoza, a public city bus driver, views Mexicans and he believes they are not motivated to achieve things in life. One would assume that he would understand how difficult it is for immigrants to assimilate in a new foreign country without knowing anyone or anything here, but he is not on their side and it is somewhat hypocritical of him because he himself is Mexican. It is as though Efren sees his own people as invisible individuals because he does not acknowledge all their hard work and sacrifices they may have gone through in order to arrive in the United States. He further proves his insincerity when he mentions that the “new wetbacks [are] picky about what jobs they’ll do [and that they] half-ass [the] work” that they are given to do (77).
Often times, Americans do not realize the corruption that surrounds them in their nation. Capitalism is an economic and political system in which the country’s trade and industry is controlled by private owners for profit, rather than by the state. Business owners, CEO’s, corporations, and large businesses have the propensity of taking extreme advantage of the power capitalism brings. For decades companies and corporations have been taking unexplainable benefit of the power they have. Capitalism in the Unites States leads to corruption.
Those who support immigrants being protected by the law believe that immigrants help the economy by creating lower wages which enables companies to make better profits. According to Becky Akers and Donald J. Boudreaux, immigrants “should be allowed to contribute to the United States economy in the Constitutional and legal precepts that guarantee all immigrants the opportunity to pursue life, liberty, and happiness in the United States” (22). If immigrants were not here in the United States, the jobs they do might not even get done by anyone else (Isidore 103). Immigrants fill up the jobs that many Americans do not want. “Specialization deepens. Workers’ productivity soars, forcing employers to compete for their time by offering higher pay” (Akers and Boudreaux 25). As researcher Ethan Lewis said, “Economics professor, Patricia Cortes, studied the way immigrants impact prices in 25 large United States metropolitan areas. She discovered that a 10-percent increase in immigration lowered the price...
Considering the ideas that both authors have brought to the table, I have concluded that in order to make progress in solving the problem of undocumented immigrants, we as a country must decide what’s best for our country. We either look at undocumented immigrants as an asset or a parasite. America is the ‘land of opportunity’ where millions of people want to live there and pursue the ‘American Dream’. We should not let people stop from achieving their dreams. But on the other hand, a quantity of immigrants leave their country because it does not have “stable democracies and free markets” that “ensure economic growth, rising standards of living and thus, lots of jobs”, because the countries of these immigrants “birth rates and native populations fall”.
Many people believe that immigrants usually work illegally such as selling drugs or stealing. To argue this claim, they do not know that immigration pay millions of dollars to social security. According to (Ed Krayewski) in 2013, ' ' in 2006 an estimate of 8 million illegal immigrants—up to two thirds of the total—paid taxes, including both income taxes and Medicare and Social Security taxes. Indeed, revenue from illegal immigrants is estimated at $11 billion a year toward Social Security ' '. This means even if the immigrants are not legally working, the government benefits from immigrations. As a result, people still have a lot of questions about immigrating and working ethics. This subject is still under a serious debate, however, results shows that it can leave positive impact on
Gallagher, S. A. 2005. Strategic response to Friedman’s critique of business ethics. Journal of Business Strategy, 26(6), 55-60.
The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical ramifications. From the film, it is right to conclude that a business transaction should only be executed after all legal and ethical ramifications have been considered; and also if it will be determined legal and ethical to society.
Friedman, M. “A Friedman Doctrine – The Social Responsibility of Business is to increase Its Profits”, The New York Times Publications, September 13, 1970