Living wage was business ethics issue was a major concern during the 1920s.
What is defined as a living wage?
The term wage refers to a theoretical income level that allows individuals or families to afford adequate shelter, food, and other necessities. The goal of a wage is to allow employees to earn enough income for a satisfactory standard of living and prevent them from falling into poverty.
What is business ethics and example?
Business ethics may be a practice that determines what is right, wrong, and appropriate within the workplace. Business ethics is usually guided by laws, and these principles keep companies and individuals from engaging in criminality such as insider trading, discrimination and bribery.
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