LibraryScenariosHow Ethical Business Practices Get Punished by Market Competition
Scenario

How Ethical Business Practices Get Punished by Market Competition

I run a small restaurant and I want to pay my workers well but if I raise wages I'll have to raise prices and lose customers to chains that exploit their workers.

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More people experience this than they realize.

What we've seen

The structural dynamics of competitive markets often penalize businesses that attempt to operate according to higher ethical standards.

Ideas that help explain it
Worth thinking about

“Where Are You with Buddhist economics — right livelihood?”

If this sounds familiar, the Library can help you find the bigger picture.