Cheap Labor: Corporate Social Responsibility and the Low-Wage Workforce
McManus, Chrishon A.
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Large, publicly held corporations engage in all types of behavior. In some way or another, they affect the daily lives of almost every person on Earth. Corporate Social Responsibility (CSR) focuses on how corporations interact with and aim to improve the communities in which they operate even when that behavior does not clearly and directly maximize value for corporate shareholders. Specifically, this paper will consider companies’ policies that affect their low-skilled, low-wage employees as stakeholders. How do corporate officers and directors balance the interests of stakeholders with those of its shareholders, who in some sense can be seen as owning the company? There are those who argue that CSR can benefit both groups. Others not only disagree, but also believe that it is a betrayal of a corporate officer’s duties to do so. [From Introduction]