Nov 26, 2006 12
“We do business for profit”, that is one common statement I hear from entrepreneurs.
Though making money is not necessarily bad, governments, specially that of the first world, have set guidelines to ensure a minimum Corporate Social Responsibility (CSR) is observed.
To some, CSR and profit making don’t mix well.
Sep 5, 2006 9
I read an article a few days back about the dilemma of small and medium size companies having to cope with the rising labor cost. An old argument was presented ” cheap labor cost generates more jobs to the unemployed”. Because of higher wages, the Philippines is becoming a less preferred investment destination
On the labor side, year in and year out, groups representing this sector has been consistently pressing for a wage hike. The present minimum wage, according to them, is not aligned with the rising cost of living.
These opposing mindsets have its own merits. A healthy debate, though, may help form a new paradigm that will be beneficial to all concerned. Herewith are my thoughts on the issue:
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