As the country mobilizes to fight Covid-19, wage workers are now the heroes who keep us alive. The C suite should wake up now and act, once the crisis has passed, on their need for a living wage.
Acting now to lead our private sector for the benefit of multiple stakeholders is paramount for fighting the threat of Covid 19.
Faced with the challenges that the spread of Covid 19 represents to economies, companies that have embraced stakeholder capitalism face the first great test of their resolve to put people before profit when the public's welfare hangs in the balance.
Back in the 70s, Marty Lipton was a lone voice crying out in the wilderness. Now he's joined by many others: Klaus Schwab, Just Capital, and the Business Roundtable. They're all urging a shift from shareholder primacy to a new model of stakeholder capitalism.
Quit worrying about unleashing AI in ways we can't control and start wondering how to use it to aid human beings do the things we most need to do, in business and elsewhere.