Poverty is one of America's most persistent and serious problems. The United States produces more per capita than any other industrialized country, and in recent years has devoted more than $500 billion per year, or about 12 percent of its gross national product, to public assistance and social insurance programs like Social Security, Medicare, Aid to Families with Dependent Children, food stamps, and Medicaid. Despite our wealth and these efforts to reduce income inequality, poverty is more prevalent in the United States than in most of the rest of the industrialized world. It is also more prevalent now than it was in the early seventies, when the incidence of poverty in America reached a post-war low. According to the Census Bureau, 33.6 million Americans , almost 14 percent of the population, were poor in 1990.
That is why that it is important for everyone to do their part in aiding the world they have the privilege to live in.
English: Chart depicting the major kinds and inter...
English: CSR approaches CSR framework
English: Tan Suee Chieh (left), CEO of NTUC Income...Corporations not being exempt. Companies have ethical responsibilities towards society. Companies are an integral part of society and they fulfill important social functions through their activities. Beyond this, businesses today are expected to show more extensive social responsibility-corporate social responsibility. Firms take responsibility for the consequences their activities have for the environment, people, and the society- inside and outside the company. Generating wealth in a manner that is socially and environmentally responsible must be a common goal of the domestic and international business community. With the opening of the world economy and the brand of reputation, it has become increasingly important to do business ethically, morally, and with concern for the society.
Serving as a good neighbor makes good business sense. Recognizing that strong social, environmental and safety performance goes hand-in-hand with financial success. Corporate social responsibility is demonstrably a...