In the late 1970s, our companies got fat, lazy, bloated, and less-profitable, and a generation of corporate raiders and Gordon Gekkos justifiably began restructuring them and making them more competitive. After 40 years of constant restructuring and "efficiencies," however, our corporations have become so profitable that many of them are no longer paying their employees a decent living wage. The pendulum, in other words, appears to have swung too far the other way.
America's largest companies and business leaders, like Starbucks and Howard Schultz, have the ability and influence to begin to change that.
And for the sake of the country, they should consider doing it.
Because otherwise, the extreme wage and wealth inequality and hopelessness that has contributed to social strife in recent years will only get more intense. And, eventually, the American Dream will become a mere fantasy.
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