Income differences

incomeIncome differences are necessary because some talents are scarce, because responsibility and taking of personal risks may be rewarded and because financial rewards represent an important motivation and stimulate initiative and development. Too high rewards however are harmful because they stimulate people, mostly decision takers, to prevalent their own interests over the interest of sustainability. In addition, high incomes are withheld from other people and from the sustainability of the organization and high wages of top management do not bear witness of respect for employees.

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