Which of the following best describes "welfare capitalism"?
A) Low wages.
B) Part of modern corporate responsibilities was to put workers in touch with social groups that helped them through hard times.
C) When a worker was killed on the job, it was only fitting that the company pay for the funeral service.
D) By providing better working conditions, better pay, and other benefits, owners had happier, more productive workers who were less interested in unionization.
E) Providing workers with company unions kept most socialists out of the employees' ranks.

Question

Quizplus · Accepted Answer

Welfare capitalism refers to the practice of corporations providing higher wages, improved working conditions, and other benefits to workers in order to prevent unionization and maintain a stable workforce. This approach was believed to reduce labor unrest and improve productivity.

Which of the Following Best Describes "Welfare Capitalism