...The minimum wage rate is introduced in this essay, with the perspectives of weighing the benefits with that of the costs of the national minimum wage. The essay goes about discovering what exactly is minimum wage and how it impacts the economy. Moreover, the advantages are compared against the disadvantages of the minimum wage rate. Furthermore, it also covers the detailed consequences of increased minimum wage after a research on what economists have surveyed about the recent increase in the minimum wage. Thus, this essay has thoroughly evaluated the pros and cons of implying with the law to allow for national minimum wage in the labor market. The minimum wage act was created in the 1938T as Fair Labor Standards Act, which makes it legally compulsory for the employers to pay their employees for the period of time worked. The minimum wage could be defined as the “minimum rate of remuneration that is must to be paid to a wage employees for the work they have done over a period of time, which cannot be neglected or reduced by individual contract and collective agreement”. The eligibility of minimum wage is that it is allotted to workers who are below 20 years old, for long as the probationary period lasts that is for almost 3 months. The minimum wage rate...
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...Leading policy ideas being put forth by conservatives and liberals vary between two different approaches: a top-down approach versus a bottom-up approach. The liberal view of income inequality holds that the public sector needs to be expanded through several measures of a more active government; these include raising taxes, raising government spending on contracts, and higher regulation of business. Liberals, or the left wing, have used the inequality issue to call for bigger government and strengthening of the lower and middle class. A solution put into effect by the Democrats was raising the minimum wage; according to Forbes “At least half of the minimum wage earners are not in the lowest household-income bracket, and even fewer are their household’s primary earner. So raising the minimum wage is not a great way for lifting up the incomes of the poorest households in America.”...
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...and subcontractors (collectively referred to as “Suppliers”) must adhere to this Supplier Code of Conduct while conducting business with or on behalf of Microsoft. Suppliers must promptly inform their Microsoft contact (or a member of Microsoft management) when any situation develops that causes the Supplier to operate in violation of this Code of Conduct. While Microsoft Suppliers are expected to self-monitor and demonstrate their compliance with this Code of Conduct, Microsoft may audit Suppliers or inspect Suppliers’ facilities to confirm compliance. Microsoft may require the immediate removal of any Supplier representative(s) or personnel who behave in a manner that is unlawful or inconsistent with this Code of Conduct or any Microsoft policy. Compliance with this Code of Conduct, and attending training on this Code...
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...problems with their character being questioned. However, all too often, companies make decisions based on financial gain instead of humanities. As a company moves into other areas of the globe and creates a multinational presence, the number of people affected by its policies and regulations grows along with it. If the company is being operated with questionable ethical principles, it can create cultural issues within the organization. This is what happened within the Nike Corporation as a result of their labor policies as they searched for cheap labor to increase the financial gain (Stabile, 2000). Nike, Inc. was started in 1964 by Philip Knight as Blue Ribbon Sports. Mr. Knight made a deal with the Japanese firm Onitsuka Company, Ltd., and they were among the first to take advantage of Asian-produced, inexpensive imitation footwear. In 1960, shoes that had been imported from other countries only accounted for four percent of the shoes sold in the United States. By 1969, that number had risen to 32 percent and by the year 1984 72% of the shoes sold in the United States were being imported from other countries (Stabile, 2000). During the first year of China's "economic adjustment" in 1979, the local monthly wage average was thirty dollars. Nike took advantage of this and open a manufacturing facility in China where nearly 90% of the workers were women who had to follow a long list of rules that included fraternization with men and curfews. In 1980, ninety percent of Nike's...
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...increasing the federal minimum wage is actually beneficial to our country and its residents. “Minimum wage is defined as the lowest amount that employers can legally pay their workers per hour of labor” (History and Debate of Minimum Wage). Most jurisdictions have laws that enforce a minimum wage; however there are benefits as well as disadvantages to this type of policy. Minimum wage laws were initially established to reduce poverty and are upheld with particular goals in mind. Those who support minimum wage laws generally believe that these objectives are being sufficiently achieved, which is enough jurisdiction to maintain the laws. Those who are opposed the minimum wage laws usually believe that it harms less skilled workers and raises unemployment (History and Debate of Minimum Wage). There are many pros from the side that is in favor of raising the minimum wage. An increase in the minimum wage would create more job opportunities because it would cause minimum wage employees to spend more leading to an increase in earnings among businesses and requiring them to hire more employees to keep up with their increase in sales. Raising the minimum wage would also allow some people who rely on additional support from the government to be able to support themselves better without being as dependent on social programs. This would ultimately lead to lower taxes as well as a reallocation of funds that provide support for other’s needs. An increase in minimum wage would also lead to a...
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...| Essay, Custom Research Paper: Argumentative Essay on Child Labor Laws and Regulations | | | | Child labor occurs along a continuum, with harmful and exploitative work that endangers the welfare and potential of the child at one end of the spectrum and light work and often beneficial training and apprenticeship at the other. National and international labor standard regulations with respect to what constitutes a legally permissible minimum age of employment accordingly depend typically on a range of criteria including (a) the type of work, as distinguished by the degree of hazard a child faces, or whether the child is subject to exploitation, or the worst forms of child labor; (b) the sector of employment, whether in agriculture, manufacturing, or family businesses or the household; and (c) the degree to which child labor work interferes with schooling, depending on the number of hours a child is put to work, say, per week.Though child labor statistics inevitably paint an aggregate picture, the coverage of national and international statistics has improved, reflecting a diversity of activities that come under the umbrella of child labor work. International Labour Organization (ILO) statistics treat any child as economically active with performance of at least 1 hour of work during the week prior to asurvey. The ILO also defines a child laborer as synonymous with (a) an economically active person between the ages of 5 and 11, and (b) an individual between the ages of 12...
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...1. Explain where an employee can reasonably expect to have privacy in the work place. Aside from the more measurable costs, employees emphasize their need to preserve at work what they expect to maintain elsewhere, a sense of dignity and self-respect. Within the workplace typical employees would expect to have minimal. Privacy in this aspect gives individuals, from factory workers to presidents a chance to lay their masks aside. The more employees share space, cubicles and networked computers, the harder it is to maintain personal privacy. Necessary boundaries of mental distance in interpersonal situations should be initialized raging from the most intimate to the most formal and public. Some companies legitimately monitor you for business reasons, not simply to snoop through your life. According to The American Management Association there are five justifiable reasons that your employer can monitor you at work. To make sure that you are legally complying with their standards. For instance, if you are a telemarketer, your employer may record your transactions and store the information to keep adequate and accurate files should they require documentation or evidence in the future. While 90 percent of companies who admit to spying on their employees admit that their workers are aware of it, others may not provide the same courtesy to their employees. In fact, employees may feel that any type of monitoring is a violation of your privacy. Some businesses go so far as to utilize...
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...established a long-lasting brand legacy both with its ability to adjust to trends, as well as to build a profitable business model. Naomi Klein’s famous book, No Logo – Taking Aim at the Brand Bullies, first published in 1999, attacked many big brands accusing them of violating labor laws and using dirty tactics to dominate the changing markets. One of the brands that took a heavy hit in the book was Nike. In the case study Nike: The Sweatshop Debate, the author of this article continues on Klein’s theme, addressing accusations made against Nike for child labor usage through their suppliers as well as dubious sponsorship agreements. These accusations focus around the poor and hostile working conditions of Asian factories, the below-minimum wages and suppressive employee treatment. Nike, in many ways, became the evil representation of the entire sweatshop issue, then a surfacing theme and in many ways a new corporate territory in big scale, and opportunism had its price. Nike would be seen as a brand that would mercilessly exploit the labor opportunities of poorer countries, caring little of the origins of their products. It is fair to say, that changing this stigma would become a globally relevant issue for the entire corporation, and fixing the damaged brand image would be a challenge for the entire company for years to come. According to the article, Nike’s approach has been to gradually better the conditions of the workers through adopting programs to promote labor rights...
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...local store owners, or they might defend the store’s future employees, since Wal-Mart’s reputation for unfair labor practices involves sexual discrimination, denying unionization and offering wages so terrible that some employees have to rely on social services to get by. Although Wal-Mart portrays an image of servitude and charity to the community, this multi-million corporation is responsible for inhumane, unjust and shameful practices in the United States and abroad, and whether people Love it or hate it, Wal-Mart is, in many places and for many people, inescapable. Much like work and taxes and eventual death. There is no question that Wal-Mart's relentless drive to squeeze out costs has benefited consumers, but Some experts contend Wal-Mart's "everyday low prices" are causing a clash between the interests of Americans as workers and the desires of Americans as consumers. "If people were only consumers, buying things at lower prices would be just good. But people also are workers who need to earn a decent standard of living," says economist Larry Mishel of the Economic Policy Institute during an interview for Frontline. "The dynamics that create lower prices at Wal-Mart and other places are also undercutting the ability of many, many workers to earn decent wages and benefits and have a stable life." In Bangladesh women and children are...
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...Wal-Mart Ethical Analysis Abstract Wal-Mart prides itself on having one of the strictest and most stringent ethics policies in the industry. Employees are not allowed to accept any type of gift, including a cup of coffee. And its 1.3 million employees are encouraged to report any ethics violations that they might suspect or see. With having such a strict policy, Wal-Mart faces around 5,000 lawsuits a year from unethical business practices. Wal-Mart's rating as a company that consumers trust and respect has steadily declined in the last few years. Their image is declining due to negative press giving the perception that Wal-Mart is bad for the economy and is unfair to workers. Wal-Mart Ethical Analysis Wal-Mart was established in 1962 when Sam Walton, who had operated stores in Arkansas and Missouri, decided to open a discount store. In fifty years Wal-Mart has grown to be the largest retail chain in the world. Wal-Mart Stores, Inc. is not only the largest retailer in the world; it is now also ranks as the largest corporation in the world. Wal-Mart operates over 6,000 stores in the US and 13 international markets including the UK, Canada, Japan, Mexico, Brazil and China. It also retails products through its online site. The company is headquartered in Bentonville, Arkansas and employs around 1.3 million people. A business Code of Ethics (COE) is a written set of guidelines issued by an organization to its workers and management to help them conduct their actions in...
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...Q3: What are the ethical implications of this decision, and who is likely to be impacted? The ethical implication based on Apple’s decision to continue business with Foxconn was still questionable and seems like be unethical by some people. Apple can make significant profit on the sale of its products considering the price of Apple’s products and what its supplier’s workers outside of the USA are getting paid. As we can see, in 2010 the wages of Foxconn worker was about 900 Yuan ($143 per month).Apple’s newest iPhone costs minimum of $200 with a wireless company contract.So.it is convenient for Apple to continue business with Foxconn as it still able to gain profit from this relationship and do not suffer losses. We can say that Apple’s decision to stay in business with Foxconn is profitable for the company but the cost of these profits (maltreatment workers, who are looking hard on developing products that bring such profits to Apple is too high) Then, the decision is not legal if Foxconn does not comply with Chinese overtime limit laws as well as Apple’s supplier code of conduct but forces workers to work longer hours than they should be working according to these laws and policies has been set. Of course workers should be rest and apply for leave when they need without any threats. Workers are not machine that can work in 24 hours daily and they cannot be treated as such.Other than that, the decision is not fair at all because those who are actually...
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...Unethical Companies: McDonald’s May 14, 2010 — ethicalfootprint Mostly everyone will enjoy McDonald’s every once in a while, even if you aren’t a fan of fast food. While the food may be cheap, it may come at more of a cost to the environment and the global economy than one might think. McDonald’s has a negative impact on the environment in more ways than one. Aside from the pollution from factories where the food is produced, the unusable waste from nearly all the food they sell, and the massive amounts of power and energy that are required to keep all of the branches up and running, this corporation is destroying natural rain forests. According to http://www.dmoz.org/Society/Issues/Business/Allegedly_Unethical_Firms/McDonald’s/, McDonald’s likes to purchase their meat from privatised farms, which is not a problem in and of itself. The conflict arises when these privatised farmlands are built on the land where a lush rainforest once resided. So not only is McDonald’s polluting our air, but they are destroying a large part of what would help to clean it out. The trees that are levelled do more than just clean the air, though. They are also homes to thousands of animals that are likely killed or made homeless as the trees are torn down. This is not exactly a healthy step in making our world a better place. The people at McDonald’s treat their employees no better than they treat our environment. McDonald’s staff are frequently underpaid for the amount of time that they...
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...Topic 2 - Business Environment of UK PESTL Analysis of UK A PESTLE analysis provides and analysis of six of the key macro level factors which affect the country and the decision which it makes. Political There are a wide range of political factors which affects UK at present but also factors which may have an impact upon the country in the future. One key political decision which affects UK is the rate of tax levied by the government. At present, levels of corporation tax in the UK have been lowered in order to attempt to stimulate economic activity. However, given the continuing deficit, there is no guarantee that governments in the future will maintain the rate of corporation tax at its current level. Other key political decisions consider interest rates. At present, UK interest rates stand at an all-time low of 0.5%. This may be seen as a positive factor for firms such as Next who are effectively able to borrow large amounts of money for the purposes of capital expansion at much lower rates than have been previously seen. Such borrowing may take place in the form of long term borrowings from banks and financial institutions, alternatively the company may choose to issue corporate bonds. Other political issues relate to the governments relatively "arm's length" approach to Europe and remaining outside of the single currency area. For UK the international operations in the Euro Zone, this could be seen as negative with the prospect of foreign exchange rate risks being felt...
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...The welfare, intended as the set of measures and policies devoted to ensure minimum quality life standards to individuals, is normally associated to the state insomuch reference is generally made to “welfare state”. The welfare state is based on ethical ideals: it is created in the name of social justice, to implement the fundamental rights and freedoms of human beings (as developed from time to time in the various cultures). Stuart White wants to clarify in the Oxford Handbook of the Welfare State, the main ethical arguments, which are inherent in the creation of the welfare state. First of all a process for the achievement of the basic needs of the citizens (questionable what are the basic needs), latterly equality, seen as same opportunities without racial or social influence, and lastly liberty, conceived as ‘negative’ liberty of coercive ‘redistribution’ in order to achieve a moral and social congruence between all the individuals. However, welfare state, even if based on ethic-philosophical findings, has many implications and effects in the economic field. As Briggs (1961) argued, the welfare state is an organization whose purpose is to modify the market forces in at least three directions: (I) ensure to the individuals and to the families minimum incomes; (II) decrease the level of insecurity; and (III) assure the best standard available of social services (Cittadini 2015). ***** Modern concept...
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...Abstract Wal-Mart is the United States largest retailer and the largest employer. It has more revenue and more employees than any other company in America. The growth is unmatched by competitors and is a dominant force in the retail space. It has insignificant operating costs that let the retailer set low prices on a range of goods. The paper will examine theses economical burdens of this practice. There are concerns about Walmart’s growth, along with the financial impact it has on its workers, the environment, surrounding communities, and its competitors. This paper will examine these concerns by answering the following questions: Was there a correlational relationship between the leadership’s decisions make abilities and the events that led to employees rights? Was there a connection between Walmart’s business practices and the practices of senior leadership that effect the environment? How has the public’s perception of Walmart caused a reduction in the work force, and effecting surround communities? This paper will look deep into these issues and describe possible solutions Wal-Mart: The Economic Power House Walmart runs on small operating costs, it has low prices, it’s a gigantic company, the world’s second largest employer, families spend thousands of dollars a year there, and it has everything from apples to glue, and most people live within 20 miles of one. These facts represent an organization that has had expansive growth since its inception. With this expansive...
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