To make world-class corporate citizenship and profitability work in tandem, we need to change the rules so that racing to the bottom is no longer the most effective way to compete, and to ensure that treating people well is the profitable thing to do. This means continuing the push to raise the minimum wage and to make the provision of decent health and educational benefits mandatory — or at the very least, heavily tax-advantaged. It means grappling with the explosion of contract work, ensuring that employers can’t evade their responsibilities by simply relabeling employees as contractors.
Source: What Would It Take to Get Businesses to Focus Less on Shareholder Value?