...Scope of Topic: Is a $15 minimum wage in large American cities fair to the affected businesses? On Nov 2014, San Francisco has voted to raise the minimum wage to $15 over a course of the next three years. This article intends to analyze the impact of the decision on businesses. The ripple effects of the wage hike are felt not just businesses that employ blue-collar workforce but also by larger corporations and the US economy as a whole. The wage hike is primarily aimed at providing economic stimulus to blue-collar workforce, who must live off their hourly wage. The article will be segmented into two parts – Fair and Unfair. Reasons that highlight both standpoints will be listed out and discussed in each segment. Fair to US Businesses Reduces employment and training costs. Employee turnover, ranging from 50 to 200%, is a serious problem among many businesses that employ a major chunk of the blue-collar workforce. (For example, an employer with annual turnover of 100% means that the firm is employing two different people for one position). All this translates to roughly 30 to 150% of yearly pay . Increases consumer spending due to increase in Purchasing Power Parity (PPP). Research undertaken by the federal government and also research agencies, indicates that wage hike results in approx. $50 B in spending. This increased spending can be captured by businesses in general. GDP grows by $22B , which leads to better business. Research by EPI, a research group funded...
Words: 515 - Pages: 3
...Stufent ID: 515346 Introduction The questions whether Clarissa can successfully sue Precision Missiles plc to compensate her for unfair dismissal will hugely depend on whether her dismissal with six months’ notice was unfair. At the same time, Clarissa’s acceptance of Flare’s offer would be depended firstly on whether there was express to “garden leave” clause and whether she can lawfully take on that offer without breaching her contract with Precision Missiles. I will try to establish the circumstances under which the garden leave clause is valid and applicable. I will then review some of previous cases where ruling in such circumstances were made with the sole aim of establishing which course of action Clarissa could take with regard to her claim of unfair dismissal and whether she can go ahead and take Flare Missiles job offer without breaching her contract with Precision Missiles plc. In this regard, I would be able to offer her better advice concerning what action she could take and the consequences associated with each action. Discussion This discussion will start with first explaining the ‘Garden leave’ clause in relation to employment contracts and proceed to explicate the extent of its enforceability. This will be with the aim of finding out whether Clarissa can be able to successfully proceed with her compensation claim of unfair dismissal and under what grounds she should do that. According to Smith & Thomas, garden leave clause aims at offering protection...
Words: 2406 - Pages: 10
...Danny is given support through the law as, Governor Andrew M. Cuomo began to throw his “support behind a statewide $15 minimum wage.” (Saru Jayaraman) This would help most workers and get rid of the issue of unfair payments given between the cooks and waitress creating a fair salary. Except, “minimum wage for tipped workers is finally set to rise again, to $7.50 an hour”. (Saru Jayaraman) It should rise again soon as “53 percent of tipped workers in New York State are minorities, and 21 percent live at or below the poverty line.” (Saru Jayaraman) Again, this is showing how they are barely getting by...
Words: 612 - Pages: 3
...ideal: equality. The societies that embrace these totalitarian political forms, including that of Ayn Rand’s Anthem, intend to become the paragon of parity by having their citizens sacrifice their own happiness for that of their brethren. The leaders of Anthem’s supposedly egalitarian society justify this subtly sadistic method of rule with the ideals of equality, fraternity, and selflessness. The principles that blinded Equality 7-2521’s brethren to the grim reality they faced too often imbue members of modern society, especially as these standards are broadcasted by religious, social, and governmental groups. The...
Words: 816 - Pages: 4
...money for their school and athletics programs. Their contribution goes unrecognized, their fans only pay attention to the scores and the win loss column. Student athletes deserve a fair and equal payed due to their outstanding work ethic and presence in a multibillion dollar industry. A very obvious problem with student athletes not being paid is that the NCAA is a multibillion dollar business. Without these athletes the NCAA would be nothing. This very profitable company could easily afford to pay these players. Without the athletes competitive nature and natural abilities these teams would not make nearly as much money because people would not pay to see losing, lackadaisical teams. By their hard work and team accomplishments they put themselves in the position to play in events such as national tournaments, bowl games and national meets or invites. These big events make a lot of money for the NCAA, whether it is through tv contracts, viewers or ticket sales they all depend on how the players perform. Yet people argue that D1 athletes still do not deserve to get paid when they are the ones making the money for the organizations. With the NCAA topping in at one billion dollars of revenue during the 2014-2015 fiscal year, I believe it’s safe to say the NCAA could afford to pay these athletes a fair and equal amount (Berkowitz). Major events made around these athletes rake in millions of dollars at a time. For example, a stadium which is completely sold out for the NCAA Final Four...
Words: 1537 - Pages: 7
...United States Trade Sanctions Imposed On China Dwight Frazier MG 261 Business Law II Anita Whitby November 27, 2011 The continued increase of United States trade deficit with China in particular has resulted in many US manufacturing companies as well as workers complaining of competition regarding manufacturing companies, many of them suggesting that the US government impose some kind of trade barriers against Chinese products sighting that some of Chinese trade policies are unfair. The weakened Yuan in relation to US dollar has also an economic implication that makes products manufactured and produced in the United States to be more expensive compared than those produced in China (Dianne, 2005). The general outcome of such this situation is that Chinese products have a higher competitive advantage over the American commodities because of their low prices. In addition, most individuals opt for Chinese products: thus the Chinese economy will grow and develop faster as compared to their American counterparts. The US Congress and government are justified to impose economic sanctions against China in the effort of controlling the US economy and addressing the currency manipulation acts undertaken by both developing and developed countries (Wayne, 2008). This research paper is aimed at discussing the legal issues and ethical issues involved in this circumstance, a well defined logical argument supporting such an action and suggestions...
Words: 2359 - Pages: 10
...Case Study 4: Cheating and NASCAR: Who’s at the Wheel? This paper embarks on a road trip to NASCAR, the National Association for Stock Car Auto Racing, to take a close look at why cheating occurs within that organization. Two arguments drive the article, namely that NASCAR (1) may not be able to stop cheating particularly within the current context, and (2) might not want or be motivated to stop cheating. Obstacles complicating NASCAR''s efforts to stop cheating include the long-standing culture of unethical behavior within stock car racing, and the inconsistent imposition of punishments by NASCAR which drivers and race teams perceive as favoritism and unfair treatment. Yellow flags that raise caution include pressure from unwavering fans, and the friction between innovation and maintaining parity among teams. Proposed solutions include changing the culture within the NASCAR community, as well as developing ethical role models, both of which require major action by NASCAR''s top managers to signal the importance of ethical behavior. Other key stakeholders such as sponsors and fans must create incentives and rewards for ethical behavior, and consider reducing or ending support for drivers and teams that engage in unethical conduct. Our analysis and recommendations have broad applications because NASCAR is an archetype of a large organization attempting to reduce cheating and unethical behavior. As you think of NASCAR, the first thing comes to mind is cars racing round...
Words: 1566 - Pages: 7
...Gender Inequality in the Workplace Christian Johnstone DeVry University Gender Inequality in the Workplace A woman, who had spent 23 years working her way up the ranks at a Vermont plastics company, sued the company for wage discrimination. The woman began her career as a secretary at the company and eventually made her way to high-level management. The company hired a male to replace her position when she retired, offering him a starting pay of $10,000 more a year to do the same job she had been doing. The male replacement ended up not working out, so the company asked the woman to return to her previous position. However, the company still didn’t offer her the same salary that they had offered her male replacement. (Lister, n.d.) Examples that are similar to, and far worse than the one mentioned, continue to persist in this country. Women continue to be blatantly discriminated against, and held back from deserved promotions while their male counterparts rise through the ranks in corporate America. Women have made great strides in the last few decades toward gaining workplace equality. However, in a continued effort toward moving forward, there needs to be a promotion of empowerment for women and giving them the autonomy needed to manage their own lives. The reality though, is that the phenomenon referred to as the glass ceiling does exist. “The ‘glass ceiling’ can be described as an ‘invisible, but impenetrable barrier which prevents women from reaching senior positions...
Words: 2905 - Pages: 12
...Backward vertical foreign direct investment with an example Backward FDI is investing in an industry which supplies your firm at home. Buying or building a supplier. For example, if Ford builds an engine production facility in Mexico which ships engines to it manufacturing site in Texas. This would be backward vertical FDI. Vertical foreign direct investment with an example Investment from one country into another (normally by companies rather than governments) that involves establishing operations or acquiring tangible assets, including stakes in other businesses. Vertical: when different stages of activities are added abroad. Forward vertical FDI is where the FDI takes the firm nearer to the market (for example, Toyota acquiring a car distributorship in America) and Backward Vertical FDI is where international integration moves back towards raw materials (for example, Toyota acquiring a tyre manufacturer or a rubber plantation). Common law system and how it differs from a civil law system Common law is based on tradition, precedent, and custom. When law courts interpret common law, they do so with regard to these characteristics. This gives a common law system a degree of flexibility that other systems lack because it allows the judge to interpret the law. Civil law system and how it differs from a common law system Civil law is based on a very detailed set of laws organized into codes. When law courts interpret civil law, they do so with regard to these codes...
Words: 6015 - Pages: 25
...things like licensing, restrictions on price competition, as well as patents. Regulations will also help ensure economic stability by keeping the unemployment rate low as well as keeping the inflation rate low. A license is often required for a business just to operate and remain open. A business such as TV, radio stations, child care services; professions like medicine and law; and trades such as plumbers, electricians and real estate brokers as well as dietitians and taxi cab drivers all need a license in order to operate. The government requires license of these businesses and professions in order to protect the public against things like fraud and harm. The government also has restrictions on price competition in order to guarantee parity in pricing in areas such as trucking rates, agriculture, shipping rates and airline fares. The Robinson-Patman Act was enacted in 1936 during the Great Depression in order to protect small independent retailers against large chain stores especially those in the drug and grocery industries. This was...
Words: 2312 - Pages: 10
...Challenges in the Global Business Environment Student’s Name Professor’s name Course title Institution Date The Coca Cola Company The nature, structure, types of products This is a beverage business, which was founded by Pharmacist Dr. John Pemberton. It is among the largest manufacturer, supplier, and seller of the non-alcoholic drink concentrates and syrups. The company is well known for the production of over 500 brands in more than 200 states and serves about 1.7 billion servings every day. The company is mainly based in Atlanta, USA. The Coca Cola Company manufactures and sells numerous types of carbonated soft drinks including the very common brands like Coca Cola, Diet Coke, Coke Zero, Sprite, Fanta. Other drinks comprise Oasis, Powerade and Schweppes Abbey water. The company also owns the Schweppes types of products, Energy drinks plus the glacial Vitamin water types. The corporation has established well structure links with various other companies, such as the bottling associates. The company sells its concentrates and syrups to the bottling partners, which are legally permitted to manufacture, distribute and market branded products. The trade scheme that consists of the coke company along with the bottling associates is known as the Coca Cola system. The company collaborates with its bottlers globally to make certain that the concentrates and syrups are made into finished beverages that are manufactured and sold to customers globally. Code of ethical conduct...
Words: 2097 - Pages: 9
...Trademark “Trademark” means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colors. "A trademark includes any word, name, symbol, or device, or any combination thereof, adopted and used by a manufacturer or merchant, to identify his goods and distinguish them from those manufactured or sold by others. The primary purpose of a trademark is to ‘distinguish the goods of one person from another’19 Therefore a trademark enables a consumer to identify the goods and their origin. Hence in case, if an advertiser uses a competitor’s trademark to make a comparison between his goods and those of his competitor, and in the process disparages them, then such an act on the part of the advertiser would not only invoke issues related to comparative advertising and product disparagement, but would also invoke issues related to trademark infringement. Object of Trade Mark IS to deal with the precise nature of the rights which a person can a acquire in respect of a TM-The mode of acquisition of such rights -the method of transfer of those rights to others-the precise nature of infringement of such rights-and the remedies available in respect thereof. Functions of a Trade Mark 1. It identifies the product of its origin 2. It guaranties its unchanged quality 3. It advertises the products 4. It creates an image for products...
Words: 4719 - Pages: 19
...CHAPTER: 1 INTRODUCTION 1.1 Some basics elements of communication systems: In [1] [21], it is mentioned that communication system means a system where transmission of data or information is done from one point to another by several processes. The processes consist of generation of an information signal, description of the information signal through a defined set of symbols, encoding of the symbols through communication channels, decoding and reproduction of original symbols and finally re-creation of the original information signal. All these features of a communication system can be described by three basic elements such as transmitter, channel and receiver. Figure 1.1: Basic structure of communication system 1.2 Wireless communication background In 1921, Detroit Michigan Police Dept. made the earliest significant use of Mobile radio in a vehicle in the United States. The system operated at a frequency close to 2 MHz. The channels soon became overcrowded. In 1940, new frequencies between 30 and 40 MHz were made available. Increasing the available channels encouraged a substantial buildup of police systems. Shortly thereafter other users found a need for this form of communication. Private individuals, companies and public agencies purchased and operated their own mobile units. In 1945, first public mobile telephone system in the U.S. was inaugurated in St. Louis, Missouri with three channels at 150 MHz. Six channels spaced 60 kHz apart were allocated for this service...
Words: 15258 - Pages: 62
...CHAPTER 4: Quick Study 1 1. Q: Define economic system. What is the relation between culture and economics? A: An economic system consists of the structure and processes that a country uses to allocate its resources and conduct its commercial activities. A nation’s economy tends to express individual or group values as reflected in its history and culture. However, no economy is focused entirely on the group at the expense of individuals or vice versa. 2. Q: What is a centrally planned economy? Describe the link between central planning and communism. A: A centrally planned economy is one in which a nation’s government owns most of the land, factories, and other economic resources and plans nearly all economic activity. Karl Marx popularized the idea of central economic planning in the nineteenth century while promoting his belief in communism. Marx argued that market economies cannot be reformed—governments must be overthrown and economies replaced with more equitable “communist” systems. 3. Q: Identify several factors that contributed to the decline of centrally planned economies. A: Factors included: (1) failure to create economic value, (2) failure to provide incentives, (3) failure to achieve rapid growth, and (4) failure to satisfy customer needs. 4. Q: Describe China’s experience with central planning, and the challenges it faces. A: China always reserved a place for private initiative even in the early days of its implementation of communism in 1949...
Words: 4186 - Pages: 17
...The Harm Principle allows for moral or legal interference only under one condition, to prevent harm to others. Actions and beliefs that are purely self-regarding and represent no threat of harm to others should be free from interference. “The only purpose for which power can be rightfully exercised over any member of a civilised community, against his will, is to prevent harm to others”. Since harm is the main criteria for establishing the limits of state regulation and the extent of personal freedom, the concept must be clearly defined. In some cases this is done very smoothly. Acts that restrict the movement of others, cause physical injury or lead to loss of property, for instance, are subject to intervention as these consequences are uncontroversial examples of harm. But not all cases are so clear-cut. Mill himself acknowledges that even purely self-regarding actions can affect others, and it is uncertain at what point affect becomes harm. For example, a person’s religious opinions and right to discuss them should be considered immune from state interference. But expression of these views may well constitute blasphemy for others and in this sense may cause harm. Mill himself distinguishes between causing offence, which does not count as harm, and inciting violence, which is harmful and should be regulated, but the distinction is far from controversial. Other questions may also be asked of Mill’s conception of harm: can a person’s character be morally harmed? Can harm be done...
Words: 2309 - Pages: 10
