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Capitalism urgently needs an upgrade, says PayPal CEO Dan Schulman, and it starts with paying people enough to actually invest in their futures. He explains the epiphany that led PayPal to create a whole new metric for adequate pay, Net Disposable Income, and why investing in employees' financial health is just good business. After the talk, host Modupe Akinola makes the case for going one step further and considering how fair pay might actually mean something pretty different for every employee. Listen and subscribe to "TED Business" and more podcasts from the TED Audio Collective at audiocollective.ted.com.
Capitalism needs an upgrade, says PayPal CEO Dan Schulman, and it starts with paying people enough to actually invest in their futures. He discusses why companies need to cultivate trust to recover and rebuild after the COVID-19 pandemic -- and how we can use this defining moment to create a more inclusive, ethical economy. (This virtual conversation, hosted by TED business curator Corey Hajim and current affairs curator Whitney Pennington Rodgers, was recorded on May 19, 2020.)