...Federal Minimum Wage Proposal Research Essay MDH-ECO210 President Obama has proposed to increase the Federal Minimum Wage to $10.10 as well as increase the Earned Income Tax Credit among other items associated with this. There are those who oppose the increase to Federal Minimum Wage as well as those who support this proposal. What we have to question when looking at this increase is whether or not it will actually help the economy or if it will simply raise costs of everything we buy on a daily basis. It is necessary that “businesses need to have money available to pay for labor, materials, power, and other inputs” (McConnell, Brue, Flynn, 315). It is debated if raising minimum wage will stifle these businesses, by increasing their pay rate for labor. There are many factors to consider when looking at this proposal that has a multitude of pros and cons. If this constant debate continues as it has in the previous instances then the typical result will be that most Republicans will oppose the proposal while the majority of Democrats will be in favor of passing the bill. President Obama is quoted as saying in his State of the Union address that “in the wealthiest nation on Earth, no one who works full time should have to live in poverty” (Hassett, Strain, 2013). The case that is made against raising the minimum wage is very simple; by raising the minimum wage it makes it more expensive for businesses to hire employees. Those who retain their jobs will make more money;...
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...MID TERM EXAM – PLEASE USE THIS DOCUMENT FOR ANSWERING THE QUESTIONS AND THEN CUT AND PASTE ONTO THE ONLINE EXAMS – The exam has five long essay questions worth 20 points each. Each question should be a minimum of three paragraphs of academic information. PLEASE READ THE UNIT FIVE LECTURE PRIOR TO TAKING THIS TEST and REFER TO THE DEPARTMENT OF LABOR WEBSITE ON THE FLSA. * Refer the Unit Lectures, readings & resources and credible sources from the Library or internet to support your responses * Cite any information that you reword, restate or quote in accord with APA guidelines * It is highly advisable to first answer the questions in a Word document and then copy and paste into the exam * Grading rubric can be found in Course Information * Do not cut and paste from sources but use your own words based on the academic data. You can use quotes when you feel it is appropriate. When you quote, restate or reword you still need to cite the data. Safe Assign may be used to prevent plagiarism and to create opportunities to help students identify how to properly attribute sources Question One: Explain what the Job Analysis process is and why it is so important. Remember that the exams require two to three substantiate paragraphs. Research the question first and then answer the question with appropriate academic citations. The job analysis is a process conducted by HR used to identify and determine a particular jobs duties and requirements of that...
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...other policies only benefit one or some groups at the cost of other groups and raise another problem later. They are the fallacies of overlooking secondary consequences and only striking the eye. Hazlitt (2008) showed that the whole of economics can be reduced to a single lesson and the core problem with economic policies can be reduced to a sentence: people should look beyond, looking not merely at the direct but at the longer effects of any policy, then the consequences of the policy influence on all groups rather than merely one specific group. This essay will focus on the application of minimum wage laws. The labour unions and legislation are the main power to create the minimum wages (Brown, 1988). In France, for instance, the minimum wages are extensions of existing trade union legislation. Minimum wage laws are the body of laws which prohibit employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wages. The final purpose of regulate the minimum wages is boosting the production and encouraging the consumption of the employees who have low income. However, these wage laws ignore one real issue, the unemployment. In reality, the employers will not hire the employees who cannot produce goods or provide service. Then the unable workers will be fired by their leaders, which lead to the issue of unemployment. Considering the high costs, these entrepreneurs will shut down their business, because they...
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...Argumentative Essay: Is it really worth it? LABR 1F90 Haseeb Mohammad 5591979 T.A – Nathan Cecckin March 25, 2016 “I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.” as John Sununu states, raising minimum wage is not a great decision. The minimum wage rate must not increase for the reason that this will put many firms out of business, and will also lower the employment rate. Assuming firms are employing resources at maximum efficiency, increasing the labor wages will cause immense damage. An increase in minimum wage will not help our economic system become efficient; in order to allow our economy to run smoothly there mustn’t be an increase in labor wages. Increasing wage rates will increase the unemployment rate resulting in an increase in inflation allowing an increase in poverty, increasing the minimum wage rate will also increase the expenses for businesses, and lastly it will also affect a majority of high school students. If the industries suppliers’ prices increase along with the wages many industries will start to go bankrupt because of the decrease in demand for the industries’ products, resulting in a decrease of employment for low skilled workers, or young people just as Niels Veldhuis & Sylvia LeRoy explain in their academic journal, “Specifically, he concluded...
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...amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the students’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of students’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of students’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending on the content of a particular examination paper. Further copies of this Mark Scheme are available from: aqa.org.uk Copyright © 2012 AQA and its licensors. All rights reserved. Copyright AQA retains the copyright on all its publications. However, registered centres for AQA are permitted to copy material from this booklet for their own internal use, with the following important exception: AQA cannot give permission to centres to photocopy any material that is...
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...Alesia Hairston 9-22-10 MGT 419 Exploratory Essay I found this essay interesting from the beginning because it gave me a lot of insight on how the whole Nike incident began and how it ended. It made me feel sorry for the Nike Corporation at first but when all the details unfolded I started to look at the situation in a totally different light. Jonah Paretti started off the case by trying to order a pair of customized Nikes that he wanted to order from Nike id. What he wanted on the shoe is the word "sweatshop." Nike ultimately denied his request because it represented inappropriate slang. He replied to the Nike Corporation by saying he wanted to put a picture of the 10 year old Vietnamese girl who makes his shoes on the shoe. Paretti never received a response. Before Nike could blink an eye the situation turned into a public affair that would get many colleges and Universities involved. By now the Nike product has become synonymous with slave wages, forced overtime, and arbitrary abuse. An even celebrity like Kathy Lee Gifford was shocked when she found out her clothing line was participating in sweatshops to produce these clothes. Whether or not these accusations were true the turmoil with Nike and their usage of sweat shops for the production of their shoes had begun. Nike was founded by Philip Knight in1964. By 1980, eight years after the company was founded Nike became the largest athletic...
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...My grandmother changed my life by teaching me to stand up for those who are persecuted for whom they love, or for what their skin color is. She found ways to educate me on the importance of social justice even before I turned seven years old, when she died. Nothing in the world was more important to my grandmother than equality. Now nothing is more important to me than a future where everyone can be who they are without fear. When I visited my grandmother’s house she would always give me a new pin. On the pins were various phrases such as “Straight not narrow”, “No war!”, “Equality for all.” After she gave me a pin she would talk to me about her personal experiences in fighting for equality. My grandmother told me that the first house my mother...
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...Examples outline the arguments for and against an organization adopting an ethical approach to management. The purpose of this essay is to compare and contrast the case for and against an organization adopting an ethical approach. This essay will look into the two sides of the argument in depth using relevant theories, examples and case studies. The first part of this essay will look into why an organization adopting an ethical approach to management could ultimately benefit the firm. The essay will look at various strengths that could be achieved by an organization, these theories and ideas will be backed up with possible case studies and real life examples. The second part of this essay will look at the case against a firm adopting an ethical approach to management. Again various reasons will be analyzed and will be backed up using relevant theories, case studies and real life examples. After looking at both sides of the argument this essay hopes to come to a conclusion perhaps suggesting that it would be important for organizations to act ethically to a certain extent. Before going into the first side of the argument it will be important to define what is meant by an ‘ethical approach to management’, so this section of the essay will compare and contrast various definitions. One definition suggests that ‘ethics are the moral principles that should underpin decision-making. A decision made on ethics might reject the most profitable solution in favour of one of greater benefit...
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...Business / Corporate Social Responsibility At Air New Zealand Corporate Social Responsibility At Air New Zealand This essay Corporate Social Responsibility At Air New Zealand is available for you on Essays24.com! Search Term Papers, College Essay Examples and Free Essays on Essays24.com - full papers database. Autor: anton 03 July 2011 Tags: Corporate, Social, Responsibility, Zealand Words: 1880 | Pages: 8 Views: 108 Printable Version Essay: Corporate Social Responsibility At Air New Zealand Read Full Essay Join Now! Aviation industry exerts great influence on growth of national economy and it has an overriding effect on national security. Air New Zealand is an international airline registered and based in New Zealand. It provides cargo transport services and air passenger within New Zealand, as well as to and from major regions. To start with, all outside factors that may influence an organization constitute the external environment .This report will first describe the external environment through three perspectives: economic, technological and global forces, then the major CSR issues and the stakeholders. Finally, it will discuss how stakeholders influence the CSR policy and the implication of it. Air New Zealand has made significant progress in the previous year according to a favorable economic climate and the company records a net profit after tax of $215 million. However, fuel prices continue to reach a record level - the price of jet fuel averaged...
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...Spencer’s suppliers in India have been found paying low wages to workers and force them to work extra long hours. Workers told the Observer that the factories are usually hire them through middlemen, from whom they are paid “as little as 25p an hour, in the case of Gap and Next, and 26p an hour for M&S”, and they are forced to work 16 hours per day with only 2 thirty-minute breaks. For workers who refuse to do extra long hours would be asked to find new jobs or even get beaten up. "We need to work for the money and if we don't the company will kick us out, said Bitthu, 26.” Since workers have to work till late at night, their children are left at home along and many are roaming on the streets. A 6-year-old girl, Bubli, told the observer that her parents were both out working and they usually leave the house at 8am and return home after 10pm. Her 11-year-old sister was left in change while their parents were working. Because of the low wages, many families cannot afford £5.50 a month (which is 10% of their salaries) to send their children to school. However, all three companies claim that they are “totally committed to ethical trading” and abuses are not allowed in their supply chains, also, certain actions had been taken to solve these problems. (The Observer 2010) Sweatshop Definition The U.S. General Accounting Office defines a sweatshop as “an employer that violates more than one federal or state law governing minimum wage and overtime, child labor, industrial homework,...
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...Marxism is a theory that sees society in a state of social class conflict. It looks at the conflict between the working class and capitalists. Marxists argue that the economy is the most important social institution and they believe that the family’s main role is to support and contribute towards capitalism. The economy is known as the infrastructure and other social institutions such as the family are seen as the superstructure. The family delivers norms and values that imply that the power held by the capitalists is normal and shouldn’t be questioned or challenged. This is argued by Althusser which will be further discussed within my essay. Marxists say this socialisation is promoting false class consciousness which is the inability for the working class to realise how they are being exploited. Marxists are generally interested in how the family contributes to the economic system and society and see the traditional nuclear family as the best way to support capitalism. Engels says that by having a monogamous marriage within a nuclear family, wealth can easily be passed on through the generations and show clear lines of inheritance which will help benefit the ruling class as this enables them to keep their property, name and wealth concentrated within their own hands and pass it down to their own legitimate heirs. Others such as the functionalists will criticise Engels view as they believe family benefits everyone not just capitalism and would say that despite being a structural...
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...------------------------------------------------- BMAN31090 Comparative Industrial Relations To what extent does the current EU framework provide the basis for the reconciliation of social and economic rights in the areas of EU freedoms, posting of workers and industrial action? Discuss with reference to the situation in at least three of the core countries. Introduction: Since the formation of the European Union in the 1950s, there has been a constant tension between the market aim of the union and social policy. The enlargement of the EU in 2004 and 2007 deepened even further these misalignments and in some respects it can be argued that a tension between new and old Member States started to emerge. Arnholtz and Mailand (2013) argues that the social dimension of the EU is as old as itself. Nonetheless it was not until the early 1980s that the European Union started to gradually develop a genuine social dimension to complement economic integration. This social dimension includes directives that are considered to be 'hard-law' as well as 'soft-law' which deal with aspects such as 'Open Methods of coordination' and the voluntary agreements of social partners. The aim of this paper is to discuss the implications of economic and social policies in the European labour market. In order to get the argument across, the emphasis will be put on four major legal cases that were interpreted by the European Court of Justice and the implications of the rulings on several member...
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...society that it is hard to believe a time where trade did not exist. In can be found in the preliminary stages of North American culture where the natives would trade with one another before the creation of currency, to a more modern level where society trades their labour to create a product or service in exchange for a wage. The discussion of private property is one covered by many different scholars throughout the years; this essay will focus primarily on the workings of John Locke and Karl Marx. Both being raised in a different time, thus different upbringings have resulted in a difference in their train of thought and philosophical approaches on life. Karl Marx has been forced...
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...advice to member countries. This article will discuss the main functions of the organization, which has become an enduring institution integral to the creation of financial markets worldwide and to the growth of developing countries. History: The International Monetary Fund was originally laid out as a part of the Bretton Woods system exchange agreement in 1944. During the earlier Great Depression, countries sharply raised barriers to foreign trade in an attempt to improve their failing economies. This led to the devaluation of national currencies and a decline in world trade. This breakdown in international monetary co-operation created a need for oversight. The representatives of 45 governments met at the Bretton Woods Conference in the Mount Washington Hotel in the area of Bretton Woods, New Hampshire in the United States, to discuss framework for post-World War II international economic co-operation. The participating countries were concerned with the rebuilding of Europe and the global economic system after the war. There were two views on the role the IMF should assume as a global economic institution. British economist John Maynard Keynes imagined that the IMF would be a cooperative fund upon which member states could draw to maintain economic activity and employment through periodic crises. This view suggested an IMF that helped governments and to act as the US government had during the New Deal in response to World War II. American delegate Harry Dexter White foresaw an...
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...Bangladesh to make clothes even though China is a worldwide leader in the manufacturing businesses. Absolute advantage involves the specialism of trade benefit among countries, well as according to the law Comparative advantage is that ‘when one Country has fewer efficiency then it has absolute disadvantage with detail to the further Countries production of both merchandises, there is still a source for commonly useful trade’ Simatele (2013). Heckscher- Ohlin (H-O) theory is founded on two theories, the H-O theorem and the factor price Equalisation theorem. The following essay will outline the trade established on Absolute advantage, H-O Theorem, the theory of Comparative advantage and the way the theory opportunity cost can be used to explain Comparative advantage then examples will be given to illustrate the movement of Chinese firms to Bangladesh to make clothes. Lastly a conclusion will be given to sum up the essay. Absolute advantage according to Adam Smith’s innovative account of the case for trade, enclosed in The Wealth of Nations (1776), was contained in positions of absolute cost variances among countries. That is, Smith supposed that both countries will have advantage from the...
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