While the philosophy of why we work continues to evolve and modernize, it still feels like we hold on to the dogma of what business is supposed to be. Perhaps with all of this moral awakening, sharing on social media, connecting to others and events like Occupy Wall Street or the Arab Spring, we should be paying closer attention to the human bottom line rather than the financial one?
Even after having been debunked countless times over, utterly erroneous conclusions about the poor's well-being have yet again stolen the show because of a spiffy video making its way around the web. The statistics, which only show the distribution of income among quintiles over a given period, don't illustrate how well real people are truly faring.
With the recent first anniversary of Occupy Wall Street, consider one beef from protesters that was legitimate: crony capitalism. But insofar as any protester was annoyed with politicians who like to subsidize specific businesses -- corporate welfare in other words -- why do the media so rarely report on it?
Clearly, Greg Smith is the very product of the environment he is so quick to criticize. Under the guise of a now viral op-ed piece in the New York Times, Smith -- once a Goldman Sachs executive -- has successfully guaranteed that every employer, every corporation, every Jack, and Jill around the world, including the Hill, will be aware of his accomplishments.
Though "Occupy the Legislature" may not have had the same ring, our policy decisions offer mechanisms that will either perpetuate or diminish the income divide in the years to come. With any luck, pending budget announcements will occupy our mutual scrutiny with the same fury that the protests have.
"Severe income disparity" is the most likely risk facing business and political leaders according to the World Economic Forum's Global Risk 2012 Report. This finding really caught me by surprise. So while the Occupy movement isn't anywhere on the agenda, here at Davos, its impact has been very much felt.
Have you procured your first pay stub for 2012? You probably should be used to the chill by now because it's been nearly frozen for years. That is, according to a study that says the average Canadian hasn't seen a meaningful pay increase in 30 years. The top 100 CEOs, however, saw a 27 per cent pay increase.