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Business and Inequality - Coggle Diagram
Business and Inequality
Factors influencing inequality
Ethnicity
Gender
Race
Religion
fair wage policies
Living wage implementation
Reducing wage gaps within organizations
Impacts:
Poverty reduction
Improved worker well-being
Enhanced productivity
Sustainable economic development
gini coefficient
Measure of income distribution
Range: 0 (perfect equality) to 1 (perfect inequality)
Goal: Lower Gini coefficient through fair wage policies
benefits of addressing inequality
Increased social mobility
Reduced social tensions
More stable and productive workforces
Building a more equitable society
measurement and evaluation
Tracking Gini coefficient changes
Assessing impact of CSR initiatives
Monitoring workforce diversity and inclusion