What makes a job "good" -- and the case for investing in people
1,956,770 views | Warren Valdmanis • TED@BCG
Businesses need to stop cutting labor costs and start investing in people, says social impact investor Warren Valdmanis. In this perspective-shifting talk, he breaks down the essential ingredients of a "good" job -- which is more than just the size of a paycheck -- and shares why they're key to building great companies.
Businesses need to stop cutting labor costs and start investing in people, says social impact investor Warren Valdmanis. In this perspective-shifting talk, he breaks down the essential ingredients of a "good" job -- which is more than just the size of a paycheck -- and shares why they're key to building great companies.
This talk was presented at a TED Institute event given in partnership with BCG. TED's editors chose to feature it for you.
Read more about the TED Institute.About the speaker
Warren Valdmanis is a partner at Two Sigma Impact.
Michael O'Leary and Warren Valdmanis
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Corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them — corporate social responsibility, divestment, impact investing and government control — risk making our problems worse. O'Leary and Valdmanis cut through the tired dogma of current economic thinking to reveal a hopeful truth: If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good.
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Almost one in four American working adults has a job that pays less than a living wage. Zeynep Ton, a professor at the MIT Sloan School of Management, makes the compelling case that even in low-cost settings, leaving employees behind — with bad jobs — is a choice, not a necessity. Ton shows how operational excellence enables companies to offer the lowest prices to customers while ensuring good jobs for their employees and superior results for their investors.
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About TED Institute
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This talk was presented at a TED Institute event given in partnership with BCG. TED's editors chose to feature it for you.
Read more about the TED Institute.