Discussion Post: Business Ethics
First, watch the YouTube video "Report: Austin is third-worst for minimum wage earners | KVUE" then answer the following questions.
Task
a) Is it ethical for companies in Austin, Texas to pay the federal minimum wage of $7.25? Explain why or why not.
b) If a company in Austin, Texas is not able to stay in business if they pay a higher wage than the federal minimum, is it ethical for them to pay their employees the minimum wage? Explain why or why not.