Please read the case study “Falling Out of the Middle Class” from…

Please read the case study “Falling Out of the Middle Class” from…

Please read the case study “Falling Out of the Middle Class” from

the chapter 8 of the Business ethics textbook under subtopic Income Inequalities.

Link: https://opentextbc.ca/businessethicsopenstax/chapter/income-inequalities/

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Based on your understanding, give your opinion for below questions:

-Does a company have an ethical duty to find a balance between remaining profitable and paying all workers a decent living wage? Why or why not?
-Who decides what constitutes a fair wage?
-How would you explain to a board of directors your decision to pay entry-level workers a higher wage than required by law?