...Abolishing Minimum Wage In the news I have heard several debates about abolishing minimum wage. Minimum wage causes unemployment, poverty, and hurts businesses on achieving lower prices for the consumer. Abolishing minimum wage will create more jobs, stabilize our trade shortfalls, and adjust the differences in the cost of living correctly to help minimize poverty. There are several benefits of both abolishing minimum wage and keeping it as well. Popular economists believe thousands of jobs will be eliminated due to the high cost of the minimum wage law. For people that oppose the abolishment of minimum wages believe that this action will decrease the amount of employment available and make life for individuals who receive minimum wage impossible...
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...Todd Palmer said it best when he commented, “An increase to the minimum wage won’t help workers in the long run.” Minimum wage workers have plenty of reasons why they should be make more, but most of their reasons can easily be dismissed. Sure, the workers will be making more money, but only trouble can come from an increase in minimum wage. An increase in cost of everyday things, a negative affect on young workers, and an increase in unemployment, companies replacing workers with robots are just a few of the problems that can unfold. If we increase the minimum amount that people can make, then companies have to increase the price for their products so that they can pay their employees the minimum. “[B]usinesses tend to react to minimum wage increases by raising the prices of the goods and services they provide” (Hirby). Also, if you increase how much people make, now because you have more money to spend, you should be able to pay more for your necessities. This is going to cause for another demand for an increase in minimum wage. Workers protest that they are unable to adequately finance their families, but the point of minimum wage was never to support a family. Minimum wage was meant for high school and college students with...
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...personalities present their solutions to this issue. The minimum wage has been presented as a viable option in solving this issue of poverty that allegedly plagues the nation. The first federal wage regulations were passed under FDR in the 1930s, and many states already had their own wage regulations in place. Recently, there has been a growing movement for a substantial increase in the federal minimum wage. Many large cities and several states have increased their minimum wage or have begun working towards a higher minimum wage over the next several...
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...Farm's managing on its farm visitors, this sudden change of the number of visitors could lead to collapses of its operations. These reasons discussed above clearly show that Gillian's demand forecast is not reliable. Hence, they have to forecast in the other way. Line Extension: Gillian wishes to increase the number of ice cream flavours from four to ten. However, this line extension can cause the following problems. First of all, many products of relatively lower demand items would be abolished due to their expiration dates. In1999, the Ice Cream Alliance published the date of top ten ice cream flavour in the UK in 1998 (Table 3). I can assume that, when Holly Farm produced all of these ten items, the share of each item in their products would be the same as the market shares of each flavour ice cream in the whole market. The items that total demands are less than1,516 litres per annum, hence below the fourth position, should not be produced because it is obvious that the items would be abolished...
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...Some individuals take advantage of the system making it unfair for the rest of us who work for a living. Therefore, an abolishment of welfare would help working class citizens strive to achieve the American dream. Some citizens have developed an attitude that they deserve welfare and shouldn’t have to work to support their family. Some citizens on welfare live easier and nicer lives than someone in the lower class who works for minimum wage to support their family. Doctor visits, surgery, dental care and vision checks are all discounted or free for people on welfare. The average working class citizen does not get those benefits. People on welfare buy the top of the line brands of groceries with their food stamps. The average working class person...
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...Minimum wage legislation has been a topic of discussion for many years among economists. The first laws were introduced in Australia and New Zealand in order to protect minimum standard living for unskilled workers. At this point more than 90% of all countries have some kind of minimum wage legislation. However there are countries that do not set the minimum wage among those are: Germany, Finland, Iceland, Italy and other counties. Germany is the largest national economy in Europe. According to Central Intelligence Agency GDP of the country in 2011 is $2.94 trillion with real growth rate of 3.5%. Based on Trade Economic data unemployment rate of Germany in October 2011 was 6.5%. Despite the fact the Germany does not have a set minimum wage the average wages in western Germany is 27.9 euro per hour and 17.4 euro per our in Eastern German (source http://export.gov/germany based on data from 03/2011). The wages there are higher than average wages in European Union or worldwide. Of course there are laws of the German Government that regulate dismissal of workers/maternity leave/ vacation/health benefits; but not minimal wages. Minimum wage is set by the Government in order to protect unskilled workers. It provides employees with guaranteed minimum amount of income from their work to survive and pay their bills. It protects mostly adults from loosing their jobs to teenagers or foreigners that are ready to work for less than a minimum wage. However there are...
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...Minimum Wage Everyone goes through their first minimum wage job as a learning experience. Whether it be bussing tables or cleaning rooms or answering phones for any money to spend on ourselves, before we can move on up to a supporting job. According to the U.S. Bureau of Labor, in 2011 almost 4 million workers in America, most of them older than twenty, only earned the federal minimum wage of $7.25 an hour. Today some people believe that raising minimum wage will lower the poverty level and others believe that it will have the opposite effect, and the statistics that it shouldn’t be raised. The first argument that advocates need to support is that workers must have enough to live on. Currently, a 40-hour working week for an employee at the federal minimum wage would make about $15,080 a year. This is just under the poverty line of $15,130, for a 2 person household. The problem with this is that over half of minimum-wage workers work less than 35 hours a week. This pushes them even farther from the poverty line. Workers need a minimum amount of income from their work to survive and pay the bills. Another problem with raising minimum wage is that adults who currently work for minimum wage are more likely to lose their jobs to teenagers who will work for much less. Supporters feel like if the minimum wage is raised it would help stimulate the economy. This could pour more money into the economy, because when a low income household is making more money, they will be more than...
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...Capital punishment in the USA and the UK: history of the issue, current situation Capital punishment, or the death penalty, is the killing of a person by judicial process as a punishment for an offense. Crimes that can result in a death penalty are known as capital crimes or capital offences. The term capital originates from Latin capitalis, literally "regarding the head" (Latin caput). Hence, a capital crime was originally one punished by the severing of the head. Capital punishment has in the past been practiced in virtually every society, although currently only 58 nations actively practice it, with 95 countries abolishing it (the remainder having not used it for 10 years or allowing it only in exceptional circumstances such as wartime). It is a matter of active controversy in various countries and states, and positions can vary within a single political ideology or cultural region. In the European Union member states, Article 2 of the Charter of Fundamental Rights of the European Union prohibits the use of capital punishment.[2] Today, most countries are considered by Amnesty International as abolitionists, which allowed a vote on a nonbinding resolution to the UN to promote the abolition of the death penalty. However, over 60% of the world's population live in countries where executions take place insofar as the four most populous countries in the world (the People's Republic of China, India, United States and Indonesia) apply the death penalty and are unlikely to abolish...
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...Should the Death Penalty be abolished? The international trend of stopping executing and abolishing the death penalty is obvious. For example, in 2011, there are nearly 200 countries in the world but only 21 countries execute the death penalty. In addition, 140 countries have already abolished the death penalty legally and practically (i.e. stop executing the death penalty). In the US, 17 states abolished the death penalty or sentenced the death penalty unconstitutional, including New Jersey (2007), New York (2007), New Mexico (2009), Illinois (2011) and Connecticut (2012). There are also a numbers of states that have suspended executions for many years. In 2007, United Nations General Assembly passed a resolution for the first time to implore all the members of the United Nations to stop using the death penalty. Since then, the United Nations General Assembly also declared the similar resolutions in 2008 and 2010 respectively and the most recent one was made in December 20, 2012. In 2007, 104 countries voted in favor of the resolution, while 54 voted against it. By 2012, there were 111 countries in favor, 41 countries against. The death penalty has two dimensions: one is the humanity between the individual life, another one is the rights among social communities and social members. The first dimension is a punishment executed by a specific public institution to the murderer once the murder happened between the the social members. In this dimension, the trace of the...
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...Mortgage rice price policy in Thailand and its hiding aim 08 Fall 08 Fall Abstract Thailand has had a great influence on the global rice market for decades due to its huge stock and export. Hence, the Thai government has intervened in the paddy rice market by introducing the mortgage rice price policy. The policy was first implemented in 1980 in order to resolve the low-price problem in the paddy rice market. However, in the 21st century the government attempted to re-issue the policy, even though the paddy rice market price was already high at that time, resulted in a marketing failure to both domestic and international markets. Furthermore, the cost of the policy was excessively high raising concerns that the main reasons for presenting the policy could not be purely economical. Therefore, I argue that there were political reasons behind the aim of amending the policy in 2001. This essay will examine this argument by providing the process of the policy, the effects and problems of the policy, the cost of the policy and the hidden aim of the policy. CONTENT * Introduction * The process of the mortgage rice price policy * The rice distribution system * The effects of the policy * The problems and errors of the policy * The cost of the policy * The hidden aim of the policy * Conclusion * References What was the main reason for presenting the mortgage rice price policy in...
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...The arguments against Senate reform may be attributed to the fact that the plan for how to properly reform the Senate has yet to be proposed. It appears that a ten-year term would be the ideal length of appointment for senators as it is the means of both Stephen Harper’s and Micheal Ignatieff’s formally proposed length’s for a change in this subject in 2006 and should thus satisfy both the Conservative and Liberal parties. The final and most important component of reforming the Senate involves the determination of how senators should come to office. Having an elected Senate similar to the American model is the right option for Canada. If Canada attempts to improve the Senate through reformation, it would simply be counterproductive to maintain its undemocratic appointment policy. Achieving democracy within the Senate through an elected selection process is the only way that Canada can ensure that its Senate is accurately carrying out its roles and responsibilities with respect to the representation of the Canadian...
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...Nevertheless, the convenience of a debit and credit card does come with a “price to pay”. El Camino restaurants has a minimum debit and credit card purchase of six dollars. This means if a student were to use their debit or credit card to purchase something from the cafe, the total cost would have to add up to six dollars, or else a student cannot use a card. A student that only wants to purchase something for a dollar is unable to do that, because of the policy. Students in college should be free to use their debit or credit card to make purchases, to any amount they desire...
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...Plea Bargaining: Should it be abolished in the United States criminal justice system? Millions of criminals each year are absolved of charges and set back into society, endangering all citizens, while millions of innocent individuals are deprived of their right to justice. This happens due, in part, to plea bargains made for the benefit of said criminal - not only does America’s justice system ignore the needs of innocent families in exchange for their salary, but they don’t bat an eye at the further harm done by the offenders after they so recklessly let them go. Thus, plea bargaining is a major factor in the grief of many families across the nation. “The very essence of deterrence is credibility.” (Source C) Criminals set back into society...
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...but how ethical is it really? The first capital punishment recorded on our land was in 1608. The hanging of George Kendall in Virginia’s Jamestown colony was for the offence of “spying for the Spanish.” In the following four centuries people will killed for crimes such as murder, rape, theft, witch craft, and many others (Bedau, Cassell, 2004). Innocent people are killed by capital punishment proving the age old saying “two wrongs do not make a right;” if a person murders another person that person should suffer the punishment of life imprisonment with no chance of parole and not be given an easy way out. Over the last century 139 countries have abolished execution for any crime starting in the 1940’s. The only eight countries had abolished capital punishment and six of those countries were in South and Central America (Sangiorgio, 2011). Abolishing capital punishment really took flight in the 1960’s and over the past two decades and least one country a year has abolished it leaving 58 retentionist countries often practicing capital punishment (Sangiorgio, 2011). In the mid-1990s, an average of 40 countries were known to carry out executions each year, at the beginning of this century executions were reported in 30 countries on average. Recently, 25 countries allegedly executed prisoners in 2008, while only 19 countries, the lowest number ever recorded by Amnesty International, did so in 2009 (Sangiorgio, 2011). Though the support for abolishing the death penalty rises...
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...Capitalism and Freedom By: Milton Freidman In Milton Friedman’s book Capitalism and Freedom, Friedman presents his theory, which is the importance of a free economy that is, without government interference. He strongly believes the government should stay out of anything to do with the economy. Friedman is under the impression that any government that is not the most basic government is bad. He thinks that it is important to let the invisible hand do its job and that by interfering with the natural process the system will get messed up. He introduces some radical ideas such as non-licensed doctors and school vouchers. Friedman was under the impression that if doctors were not required to obtain licenses, a better breed of doctors would come along. He thinks that by allowing the modern doctors to dictate whom the future doctors will be the competition for better doctors is impaired. By putting guidelines on who can practice medicine the system is creating the same level of doctor consistency. Friedman disagrees with this process because he sees competition a driving force that makes people to be the best they can be. Therefore, by making want-to-be doctors conform to a certain mold, the cycle of survival of the fittest is ruined. No better doctors or forms of practicing medicine will come along if this process is stunted. Friedman is also for school vouchers. This system of vouchers is the idea of the government giving parents a certain amount of money to spend on their children’s...
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