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6. Briefly distinguish between Clark and Lees concepts of magnanimous morality and mundane morality

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Magnanimous morality and mundane morality are the two concepts of minimum wages, proposed by Clarke and Lee. The key difference between these two theories are as listed below:

Magnanimous morality:

  • It means helping others intentionally.
  • In doing so, it involves some personal cost.
  • Personal and long lasting relationship are facilitated by magnanimous morality.

Mundane Morality:

  • Obeying general rules that helps in promoting common welfare.
  • No sacrifice factor or intentional involvement to help is there.
  • Impersonal interaction and exchange among people involves mundane morality
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