...Issue 4, pp. 258-269. The issue of the minimum wage permitted by law increments has been disputable since the initiation of the base wage law in 1938. The minimum wage permitted by law, which incorporates tyke work laws, was established to shield American specialists from exploitation and poverty during tough economic times (Schuldt, Robert; Woodall, Davis; Block, Walter E., (2012). Despite the fact that the law achieved what it was planned to at the time, increments in the minimum wage permitted by law through the years have delivered higher unemployment rates and higher destitution levels. As the minimum wage permitted by law expands, managers are compelled to dispense with representatives who are not living up to expectations up to the current the minimum wage permitted by law level and contract better-gifted individuals who are justified regardless of the wages they are paid. Expanding the minimum wage permitted by law causes an increment in unemployment among specific populaces for this very reason. Totally dispensing with the minimum wage permitted by law is not the answer for the issue, however in the event that the minimum wage permitted by law stays at its current level for a couple of more years, it may rouse the minimum wage permitted by law workers to accomplish more to ensure their own budgetary future. The civil argument over raising the minimum wage permitted by law has been a hotly debated issue after President...
Words: 1825 - Pages: 8
...Issue 4, pp. 258-269. The issue of the minimum wage permitted by law increments has been disputable since the initiation of the base wage law in 1938. The minimum wage permitted by law, which incorporates tyke work laws, was established to shield American specialists from exploitation and poverty during tough economic times (Schuldt, Robert; Woodall, Davis; Block, Walter E., (2012). Despite the fact that the law achieved what it was planned to at the time, increments in the minimum wage permitted by law through the years have delivered higher unemployment rates and higher destitution levels. As the minimum wage permitted by law expands, managers are compelled to dispense with representatives who are not living up to expectations up to the current the minimum wage permitted by law level and contract better-gifted individuals who are justified regardless of the wages they are paid. Expanding the minimum wage permitted by law causes an increment in unemployment among specific populaces for this very reason. Totally dispensing with the minimum wage permitted by law is not the answer for the issue, however in the event that the minimum wage permitted by law stays at its current level for a couple of more years, it may rouse the minimum wage permitted by law workers to accomplish more to ensure their own budgetary future. The civil argument over raising the minimum wage permitted by law has been a hotly debated issue after President...
Words: 1825 - Pages: 8
...The Lowest Wage Name of Student Institutional Affiliation The Lowest Wage The minimum wage should remain at $7.25 as is the current level across numerous states. There have been numerous attempts to push for the raise of the minimum wage bill with a belief that the move will aid in improving the living standards of the poor and majority of the middle-class citizens. My argument against the rise of the minimum wage bill is based on some disadvantages that may arise due to an increment of the minimum wage bill. First, a rise in the minimum wage may hurt the middle class due to a resultant inflation of commodity prices. An increase in the minimum wage would mean that the employers would have to increase payments to the employees. With such a move, the employer would be forced to pass the extra costs to the consumers of their products hence inflation. Second, an increment in the minimum wage would be a threat to employment. Such an increase would lead to a rise in the payroll costs for the employers thus reducing or affecting their income. The consequence of this would be a reduction in employment, a decrease in hours of operation and even a reduction in the number of employees through layoffs. In fact, a study by the Congressional Budget Office shows that the proposed raise in the federal minimum wage to $10.10 could consequently lead to one million workers losing their jobs (Tejvan, 2015). The move would, therefore, burden the nation with high numbers of unemployed individuals...
Words: 383 - Pages: 2
...Residential Group Homes Failing Reimbursement Rates: An Analysis of North Los Angeles County Regional Center’s Failing Residential Providers August 30, 2015 Introduction In California individuals with developmental disabilities receive hands-on training provided by over 45,000 vendors, who are contracted by 21 separate non-profits called regional centers (Information About RC, 2015). Each regional center has an annual performance contract with California’s Department of Developmental Service. The performance contract measures how each regional center delivers services to the individuals they support in their catchment area. In addition, the performance contract is supposed to assure the proper funding for each regional center, and it serves as a monitoring mechanism to help verify that each regional center is using the funds appropriately (RC Performance Contracts, 2015). All of this was made possible by ground breaking legislation passed in 1977 known as the Lanterman Developmental Disabilities Act (Lanterman, 2015). The Lanterman Act declares that individuals with developmental disabilities have the same legal rights and responsibilities guaranteed to all other persons by federal and state constitutions and laws, and charges the regional center with advocacy and protection of these rights. A developmental disability is a severe incapacity which attributes to a mental or physical impairment for the individual before the age of eighteen. These disabilities...
Words: 3083 - Pages: 13
...MANAGEMENT INFORMATION REPORT PERFORMANCE OF THE WAGE BILL FOR THE PERIOD JANUARY TO DECEMBER 2010 1. General: The attached analysis shows actual performance of the wage bill for the period January to December 2010. The total actual payroll cost incurred during the period under review amounted to Le541.511 billion. The profiles indicate the expenditure pattern for MDAs, Teachers, Police, Foreign Missions, the Military, Salary Grants, Pensions/Gratuities and Government contributions to Social Security on a monthly basis. The total wage bill expended in 2010 compares unfavourably with the annual total projection of Le514.974 billion. The deficit of Le26.537 billion (representing 5.15% over the annual projection) was mainly due to excess expenditure as follows: * Pensions, Gratuity and other Retirement Benefits: Actual expenditure amounted to Le34.737 billion that is Le9.237 billion or 36.22% excess of the 2010 projection (Le25.500 billion). This was largely attributed to payment of arrears during the year. * Government’s Contribution to Social Secruity: Actual expenditure was Le34.674 billion which was Le3.568 billion or 11.47% more that what was projected (Le31.106 billion) for the financial year. The implementation of the free health care programme which resulted in the introduction of new salary structure for health workers largely triggered the rise in total payment made to NASSIT. * Teachers: Total actual expenditure for teachers amounted to Le164.874 billion...
Words: 1870 - Pages: 8
...Government revenues include five chapters: 1. Taxes. 2. Grants. 3. Other revenues. 4. Collected money of financial assets sales. 5. Borrowing. 2 Government expenditures include five chapters: 1. Wages & salaries and compensations for workers. 2. Goods & services. 3. Interests. 4. Subsidies, grants & social / Advantages. 5. Other expenses. 6. Investments. 7. Purchases from financial assets. 8. Repayments of loans. 3 Government Expenditures Economical Criterion Functional Criterion Includes eight chapters 4 State Budget “ Is a financial plan that includes the expected G Revenue and expected G Expenditure for the next fiscal year, used to achieve society's targets, economic growth, social Equity, … etc. ” G Expenditure Ch.1 Wages & salaries Ch.2 Purchases of good service Ch.3 Interests Ch.4 Subsidies & Social benefits Ch.5 Others Spending Ch.6 Investments Ch.7. Purchases of financial Assets Ch.8. Repayments of loans 5 Values G Revenue Ch.1 Taxes Ch.2 Grants Ch.3 Others Revenue Ch.4 Collected money from selling financal Assets Ch.5 Public Borrowing Proposed State Budget 1) Wages and salaries: 172 Billions L.E Increased by 20.7% from the adjusted budget [143 ---- 172 Billions L.E] Average weight is estimated by 25% of the total expenses. 2) Interests are estimated by 182 B.L.E Increased by 31% from the adjusted budget. [138.6 ---- 182 Billions L.E] Average weight is estimated approximately by 26% of the total expenses. 3)...
Words: 640 - Pages: 3
...Wage is relevant in the Production sector which is the supply sector. Wage affects the Supply curve. The individual producing, has to look at his bill in this case his wage bill. The supply curve’s relationship is between price of production and quantity produced (the quantity supplied). An ordinary curve should move your supply curve from left to right but in a market where there is Minimum wage, the supply curve remains parallel to the quantity supplied according to the graph. This is because due to the minimum wage the producer supplies less because he is producing less just because he cannot reduce his price. Therefore in this type of market QS cannot meet his demand because he would rather keep his price down, therefore no equilibrium, therefore black markets come to play and rationing. An example of this is in some African petroleum markets, the government imposes a false fixed price on gas therefore setting in black market and rationing of petroleum when it is rationed, there is scarcity and prices shoot up for the available product. With all said the supplier gains because he can set the price of his rationed product as he pleases and the consumer loses (they have to purchase at a very high price and deal with the scarcity especially if it’s an essential product). The alternative to achieving this same policy would be to take away or have minimal government intervention and leave it to DD and SS but then there will be consequences which we cannot predict. The elasticity’s...
Words: 487 - Pages: 2
...As we approach the end of the second quarter of 2013, the labour market is awash with disputes. What are the factors that have led to these disputes? Also analyse the nature and types of these disputes. It must be borne in mind that the labour market does not exist in isolation as it is linked to other markets in the economy. Changes in economic variables such as interest rates, rent, cost of utilities and other inputs into production trigger a response from labour and the labour market. The labour market itself also influences the behaviour of other markets through wages. Wage levels in a labour market give an indication to the pulse of the heartbeat of an economy. Where wages are in tandem with economic fundamentals the labour market will be in equilibrium, however where there is disequilibrium disputes are rife. In the case of Zimbabwe, the assertion that as we approach the end of the second quarter of 2013 the labour market is awash with disputes seems to hold water since the economy is in disequilibrium. The nature and types of these disputes and their causative factors will be dealt with in the discussion below. To begin with a definition of some few terms will help in putting this discussion into perspective. “A dispute” means a dispute relating to any matter concerning employment which is governed by this Act (Labour Act, 2006:5). Another definition of a dispute is an argument or disagreement, especially an official one between for example, workers and employers...
Words: 1459 - Pages: 6
...Skylaar Ford Essay #6 The Affordable Care Act is Driving a Wedge Between the Socio-Economic Classes. Question at Issue: Will the Affordable Care Act exaggerate the difference between socio-economic classes? Argument Sentence: The Affordable Care Act is exaggerating the difference between socio-economic classes because the ACA encourages employers to cut employee hours. Premise: Any law that encourages employers to cut employee hours will exaggerate the difference between socio-economic classes. The majority of college students hold jobs while studying so that they can pay rent and phone bills, and occasionally go to the movies or out to dinner. We get the money for these bills and activities through bi-weekly paychecks. We work hard, usually for thirty to forty hours a week, and are compensated near minimum wage. Although miniscule, it is still enough to cover the daily expenses in our lives and to have a bit left over for extraneous items. Corporate employers, big business for example, are often the ones who disburse paychecks to people attending college. They offer entry-level jobs that are easy to come by, are continuously expanding, and have a high turnover rate. Large corporations, such as Regal Entertainment Group, Five Guys Burgers, and PetSmart, are cutting employee’s hours down to less than thirty a week. The Affordable Care Act (ACA) mandates employers to provide health insurance to employees working full-time (thirty-plus hours weekly). By cutting...
Words: 1411 - Pages: 6
...organized labor. The Chicago Tribune posted (Trib) that “In an email to mayors across the state, the head of the lobbying organization for municipalities said Rauner has asked for city councils to consider a resolution asking the state to allow local right to work zones, as well as changes to prevailing wage laws and worker compensation laws.” Rauner has made it his number one goal to destroy the union structure as it is today. Similar to Wisconsin’s Gov. Walker whom achieved his goal finally on March 9, 2015 where even President Obama quoted saying “the new law is part of "a sustained, coordinated assault on unions, led by powerful interests and their allies in government." (Sentinal) My take on right to work is just this- A personal attack against the middle class. Before the Labor Laws went into effect allowing taxpayers the right to organize, charter and collectively bargain their working conditions, wages and benefits they had no voice. They had no way to bargain for what was fair and just. Even Mother Jones a teacher that lived in Chicago finally had enough when she took to the streets to organize and fight for mining workers that were killed on the job, paid very low wages, and forced children out of schools so that they could take the place of their fathers whom...
Words: 541 - Pages: 3
...the employee saves up to a maximum of six percent for the company. The company pays Workers Compensation, Social Security, and Unemployment Compensation. Workers’ Compensation costs for the company are two percent of the first $7,000 of an employee’s annual salary. FICA is 7.65% (1.45% plus 6.2% of the first $97,500) for both the employer and the employee. Unemployment compensation (FUTA) is 0.8 percent of the first $7000 of annual income. Workforce: Full-time: Monthly Salary 401(k) % Marital Status Exemptions Jack $8,800 20 Married 2 David $6,600 20 Married 0 Kris $5,100 10 Single 1 Mark $4,900 8 Married 6 Part-Time Hr.Rate Hours 401(k)% Marital Status Exemptions Edgardo $12 15 20 Married 7 Bill $12 15 15 Married 5 Shera $12 15 10 Married 3 Mindy $10 15 10 Married 0 Chocoa $10 12 9 Single 1 Jersha $10 12 6 Single 1 Evan $10 12 3 Single 0 Jay $8 12 3 Single 0 Federal Tax Withholding...
Words: 914 - Pages: 4
...causing their violence may take it out on the one that helps her so therefore women tend to fend for themselves. Some women think it will ruin their pride to ask for help so they stay until the violence gets so bad they can’t take it anymore. So they choose to be homeless verses asking friends and family for help. Addiction and substance abuse isn’t generally a cause of its own in homelessness but it does happen that way. Most people that have an addiction or substance abuse problem are already homeless but for some people it is a reason for becoming homeless. Someone who has a severe addiction will spend their last dollar to get whatever it is they are addicted to. In the most severe case of some addicts don’t care about bills being paid or their family being provided for they are just worried about getting a fix. They lose interest in going to work or can’t because they are messed up on drugs and end up losing their...
Words: 1003 - Pages: 5
...technical services, and retailers. As per the OECD ICT Industry Outlook, 2008. Total employment for the global electronics industry was estimated at 15 million workers worldwide. Revenues for the top 250 electronic firms were $3.8 trillion, and the top countries exporting ICT goods were the following nations; China, European Union, United States, Korea, Japan. The recorded fasted growing export countries are; Korea, Malaysia, Mexico, Thailand, Eastern Europe (EICC, 2008) . Due to deregulation of markets and the competition in the electronics industry, transnational corporations such as Apple, and HP have set up operations in developing countries in order to profit off of these developing nations. Many TNCs take advantage of such high profit, low wage labour markets and do not abide by the international labour standards (Duke). This allows these firms to capitalise on cheap resources, cheaper manufacturing labour, acquire and transfer new knowledge. The globalisation of business operations has created issues in the area of corporate social responsibility for the electronic industry and has raised issues of ethical practices. CSR is defined by Maignan...
Words: 2335 - Pages: 10
...Minimum wage bill defeated in Parliament Introduction: The demand to raise New Zealand’s minimum wage has decline. We live in a society where government has to make balance between employers and employees. Workers want better paying job and at the same time employers want to control labour cost. Therefor government put the floor of minimum wage “a minimum wage is the lowest wage that each employee can legally get from an employer” (exclusive papers). This is the lowest amount that a worker can sell his/her labour and that is what we need for better economy right now especially not a price ceiling which is "a set below the market price, then a "shortage" is created; the quantity demanded will exceed the quantity supplied"(week 3w/s).However increasing the minimum wage dose have many consequences on society, people will have better standard of living and encouraging more people to work but at the same time it will affect the employers in increase on their production costs. Therefore the employers has to cut down the staff and it could be hard to find a job for unskilled workers, youth or adults could also face problems in finding the job, which may result as increase in unemployment. Body: Economist needs assumptions to simplify the reality and models to apply (lecture1).As we take simple demand and supply frame work if the price of a commodity goes up, the demand of it goes down (week3) it is the same in case of labour market if government increases minimum wage (price)...
Words: 1067 - Pages: 5
...8. The government legislates teachers back to work and introduces Bill 12. ATA president Larry Booi announces that teachers will withdraw voluntary services in protest of Bill 12. The discussions between the government and ATA result in a fairer arbitration process for teachers and a commitment from the government to pay teachers pensions unfunded liability for one year and the arbitration process was amended to allow for awards that force school boards into deficit positions and address the classroom sizes. Many teachers were upset that they were not told in advance about this agreement and that there union had been negotiating with the government. Because of this the athletic association had to cancel their sports season because the teachers were reluctant to resume voluntary coaching duties. The government was willing to amend the arbitration terms if the ATA were willing to drop its court challenge of the act and recommend that teachers end their withdrawal of voluntary services. Some teachers did believe that the arbitration proved to be fair in the wage increases, and classroom conditions received a great deal of public attention. Not everyone was happy with this outcome, and some teachers could no longer trust the government. Most teachers were relieved when the arbitration process had proved to be fair in 2002 and resulted in wage increases and the problems with classroom conditions received a great deal of public attention. However there was animosity in that parents...
Words: 516 - Pages: 3
