Since the late 1970s (coinciding with the rise of neoliberalism) wages have stagnated while executive pay keeps rising. This has led to inequality being one of the largest issues facing companies and countries in the 21st century. Accordingly, people sick of neoliberalism have been looking into ways to address inequality and the subsequent economic stagnation. One solution is to have workers sit on the board of their employer. This results in better treatment of the workforce while providing more opportunity for growth in efficiencies within the company.
Research has found that the setup reduces worker turnover, boosts salaries and productivity, and supports income equity. Shareholder returns do suffer slightly, but researchers largely agree that tilting the flow of revenue back toward workers is a good thing.
It stands to reason that the concept holds a great deal of sway over the American public. The gulf between CEO and shareholder earnings and that of employees is often as extreme as 25 to one. Wages for regular workers have held largely stagnant over the last three decades, as executive salaries have ballooned. Bringing actual employees to the table where these decisions are made could serve to flatten the cliff between management and workers.
Despite the fact that Toronto’s politicians want to make the city more dangerous for cyclists (by encouraging more car use and removing bike-focused infrastructure) the people of Toronto are loving bike riding more and more every year. Companies have caught on to this and some are now giving employee some rewards for opting to ride a bicycle instead of using a car.
It helps keep staff healthy and active, and â€œI actually think it saves money for customers,â€ he said.
If a consultant has to drive from the suburbs to a client downtown, the client gets charged 50 cents per kilometer, plus $25 for parking. That can add up to a $45 charge for the client.
Toronto Environmental Office director Lawson Oates agrees. Cycling rewards increasingly resonate with younger workers and employers, he said.
â€œItâ€™s the wave of the future. (Companies) want to attract and retain topnotch employees,â€ and these people donâ€™t necessarily function in â€œthe old 9-5 mould,â€ he said.
The world’s largest wind-turbine manufacture won a $1.5 million prize and gave all the money to it’s competitors!
Vestas Wind Systems donated the money to help to launch a product label that will tell consumers which goods have been made using wind power.
The Danish company was chosen from six finalists. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, presented the awards last night as the World Future Energy Summit took place in the capital.
This is the kind of great attitude that will make the green economy surge!
OpenTrace is a brand new company that is looking for funding so they can create a website to help you figure out the carbon footprint of certain goods. The math behind the footprints will be open to anyone and the information can be used for anything.
In the video below they demo the website, just skip to about a minute in as the video starts with them setting up their equipment and gossiping about people at the conference.