As a society, we decide what we value. Where do we want our work to generate value? Do we value our transport infrastructure, do we value our children’s education, do we value our police force, our armed forces, caring for the elderly, the weak and the sick? If we do, then our work has to be generating value in those areas.
Every hour we work generates more value than we receive as pay. But who decides where the value that we create goes? Clearly we can decide where we spend the value that we earn, but the extra value is retained by our employer, often private sector companies.
Businesses are responsible to their owners (shareholders) and have the responsibility to maximise income for the owners. Their goal is to channel the value that we create to the owners. Businesses do not have souls. Businesses are only interested in caring for…
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