Industrial Activity Quotes



What is interesting about this quotation is that there was great argument at the time that business—in this case coal mining—had an obligation to provide safe working conditions for the miners, require reasonable work hours, and pay a fair wage. Baer and most other industrialists of the time were of the opinion that the only obligation that it owed was to its shareholders. Business had not moral or ethical obligations to workers. Theodore Roosevelt and the reformers of the day challenged that notion, and it seemed to have been resolved in the New Deal of FDR. However, in the last quarter of the 20th century, there was a conservative economic and political movement that went back to this position of Baer’s. While many corporations adapted that view in the 21st century, many did not, and some like Starbucks and Google urged an even greater ethical obligation to workers than ever.