Wage College Essays Samples For Students

INTRODUCTION

The least amount of money offered to the workers in order to remunerate them for the tasks which they perform is called as the minimum wage rate (Saget, 2008). The wage rate offered to the workers is paid as suggested and prescribed by law. Usually the wage rate is denoted by hourly remuneration, and this rate is offered to the workers (Schulten, 2008). The legal authorities of the area are the ones which determine and negotiate the minimum wage rate which is permissible. The collective bargaining process includes the government regulations and this process specifically aims at proposing the ...

There is no doubt that the issue concerning the effects of minimum wages on employment has a subject of debate in many debates and equally generating varied interpretations in many economic debates (König, and Möller 716). This paper discusses the economic arguments for and against the minimum wage and incorporates graphs of the labour market showing the impact of a minimum wage in monopsonistic and perfect competition markets. Whereas proponents of minimum wage argue that minimum wage enhances worker commitment, encourages equality in income distribution, aids in reduction of worker exploitation, and reduces government’s expenditure on welfare; opponents ...

Jane Doe

As an election year approaches in the United States in 2016, debates on minimum wage laws are a topic of discussion for some of the running candidates. For example, Bernie Sanders, who is gaining popularity among so many young voters promises to raise the minimum wage to $15 per hour if he wins the election. The importance of minimum wage laws is crucial to discuss on various levels. A large percentage of the population struggling to get by is left behind as minimum wage remains below an amount that is sufficient for living wage of life in 2016. In ...

Introduction

Managing human resource is critical for any organization to deliver value to its customers, employees, shareholders and other stakeholders. Some of the aspects of human resource management include; recruiting, developing, motivating and compensating employees. Effective HR management also requires an understanding of broader issues that affect a business such as legal issues, socio-economic issues and globalization. This paper seeks to evaluate four critical aspects of HR management by review different articles. The four aspects are; minimum wage, training, group compensation and recruitment

Minimum Wage

In most countries, including in the United States, there is a legal provision on the lowest amount an employer ...

Introduction:

In today’s modern economy, a decent wage is an important part of the social fabric and makeup of the said economy. There is a substantial debate going on whether this wage should be raised since it currently stands at just $7 an hour in the United States although some states have already passed certain measures to increase this wage. New Jersey has been one of the first states to raise the minimum wage from $7 to $8.25 an hour, and this has also been indexed to inflation to avoid shocks to the economy. There are other states such as Washington ...

Kingsborough Community College

Identify the Problem
The problem is about the minimum wage experienced by most of the people working in public or private levels. Minimum wage is one of the challenging actual problems faced by many companies; however, there is always a possibility that this type of problem can be solved accordingly.

Explain the Problem

Minimum wage as an actual problem faced by many companies in public and private levels, probably the most talked about problem in the community. This problem does not matter how big or small is the company, it usually occurs when work and wages are involved. However, minimum wage has a ...

Should Minimum Wage be raised?

Minimum wage refers to the lowest pay that is allowed by the legal authority to be given to the employed people (US Department of labor, 2010). It is the minimum compensation that an employed person receives after performing a certain job. Since minimum wage is set by the legal authority, it is illegal to pay an employee less than what is stated as the minimum wage in the country. In this connection, the minimum wage protects employees against exploitation from the employers. The minimum wages in various nations have faced a hot debate. This debate is based on three objectives; efficiency ...

Position statement topic: Eliminating Wage Bill

My position
The government should eliminate the minimum wage in order to pave the way for economic development and growth. Every government has a certain level of earnings set for its employees by the legislation. The issue of employment has been debated in the government for centuries and yet no solution has been reached.

Economic arguments against my position

- Implementing the minimum wage bill helps reduce poverty among low-income earners
Minimum wage favors low earners who face exploitation and discrimination in workplaces. Every firm has the responsibility of ensuring that their employees get enough compensation to cater for daily needs. The level ...

A controversial subject that has been examined by several news outlets in recent months pertains to the debate about wage controls. Some argue that the minimum wage should be increased to help those with jobs to earn a “living wage.” Others argue increasing minimum wages will result in increased unemployment. Additionally, the government and some local and state governments have already increased minimum wages for government workers and have proposed increasing wages that private firms must pay their employees. If such wage increases indeed lead to increases in unemployment, then the result could be an increase in government transfer ...

Article Summary

Dorfman, Jeffrey. Almost Everything You Have Been Told About The Minimum Wage Is False.
Forbes, 1 Jan. 2014. Web. 9 Feb. 2014.
The article is about the minimum wage in America. He contends that, despite the determination from, the liberals, democrats and their union supporters to have the wage increased, almost everything about minimum wage is false. The author has reinforced his opinion by stating that the discussion over minimum wage only affects some people. The article provides that there are 3.6 million workers earning the minimum wage or below the minimum wage. That 2.5 percent of ...

<Student’s name>

Abstract

Of economic theory known such a thing as discrimination in the labor market . Discrimination on the labor market is the practice of hiring , which leads to differences in wages for equally productive workers . In the presence of wage discrimination against certain groups of workers is lower than that of other groups doing the same work with the same qualifications. Entrepreneurs often accused of discrimination on grounds of race , sex, age , disability , religious beliefs or ethnic origin .
Discrimination affects the functioning of labor markets . It generates differences in equilibrium wages , which do not appear in the ...

The wage bill is the amount of payment that an employer compensates an employee for performing a service. A minimum wage bill, on the other hand is the minimum payment that an employee receives for the service. Minimum wages are establishment by legislation by the central government. It, therefore, becomes illegal and an offence to compensate employees less than the minimum wage bill, as stipulated by the government legislation.
The main mandate of the minimum wage bill legislation by the government is to protect its citizens from exploitation by employers. This enables employees to be in a the position of ...

Introduction

Labour force participation rate is an important concept in economics and it is defined as the number of labours that are participating in the economic activities from the total number of labour available in the economy . The higher the labour participation rate of the economy, there are more chances that the economy would be stable and in a better situation.
As labour participation rate is an important and one of the most discussed topics in economics, this report discusses about the same concept. The report first defines the labour force participation rate and then highlights the importance of labour ...

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Abstract
Minimum wage law, today, has become a moot discussion point and there are difference of opinions among people about the advantages and shortcomings of minimum wage law. The purpose of this paper is to contribute to these discussions on the impact of minimum wage laws on its intended beneficiaries. The analysis suggests that the adverse effects of minimum wages like reduced employment, rising prices and unequal distribution of benefits for exist, but with small magnitudes. The minimum wage is still an important tool in improving the quality of life of the poor.

Keywords: Minimum Wage, price effect, unemployment ...

Minimum wages refer to the common government policy which requires the absolute lowest possibly salary that can be paid per hour in public or private industries from selected jobs. The modern practice of governments setting a minimum wage began in the late 1800s in New Zealand. By the 1920s, most western nations and a fair number of nations around the world had instituted basic minimum wages legislation. Nowadays, nearly all nations have some form of a minimum wage policy in force (Yadoo & Woellert, 2016). However, the ubiquity of minimum wage laws across the has not meant that it is ...

One of the most hotly contested issues amongst U.S. policymakers at all levels of government is the minimum wage. Conservatives argue that increasing the minimum wage will drive up prices and unemployment, decreasing tax revenues and increasing the number of people dependent on welfare. Liberals argue that it would inject more capital into the economy, increase jobs and tax revenues, and make fewer people dependent on government assistance. There is an element of truth to both arguments depending on how much and how gradually the minimum wage is raised.
The economic impact of gradually raising the federal minimum wage ...

The minimum wage theory has always been under scanner for its long term implications. Still it finds support with the world leaders. The reason cited by the supporters of minimum wage is the welfare of the workers as it stops worker exploitation. Economists state that with increasing inflation, minimum wage limit should be set by the government. Recently USA revised its federal minimum wage level to $9.32 per hour in January 2014. But the market has shown opposite outcome of the minimum wages. The increasing wage level leads to unemployment as the firms try different ways of increasing or ...

Macroeconomics introduces the variables that are external and factors that affect the economics. It has various pillars such as unemployment, price stability as well as balance of payment. These elements help in defining the status of the country’s economic level in comparison with the development. In the employment of the resources that are available in regard to the technological improvement shows the utilization level and hence economic growth. In the employment, the work force demand remuneration according to the skills and the level of the production. This introduces the wage and salaries as the means of compensation. It ...

Abstract

This paper first examines the factors contributing to the widening of the income distribution in the United States. It then explores the theories and trends in income distribution based on the macroeconomic and other indicators that have affected the distribution of income in recent decades. We found that the impact of inequality of income distribution affects the economic growth. The widening of the income distribution has contributed to a critical assessment of government policies. The paper also cautions the trend in the distribution of household income in the period between 1976 and 2007 based on the Gini index. Similarly, education ...

Employee compensation in most cases refers to the cash benefits that individuals receive as an exchange of the services rendered to their employer. In most cases, at least in many countries, individuals earn a certain wage or salary due to the work they do to their employers. For example, in the United States, almost over 90% of the employees or what is considered the working population earns a salary of some form of wage. The compensation that is in form of cash often comprises the wages or the salary and in some cases may include the bonuses as well as the ...

Inequality

Inequality

Inequality is a concept related to poverty but covers a wider scope. It does not focus on the poor alone but to the poor and all other groups in society relative to the entire population.
Inequality is also about fairness. It is about how fairly a society distributes its income or wealth to its members, and how well it attends to the needs of its people and their welfare.
“Equality, like fairness, is an important value in most societies Inequality can be a signal of lack of income mobility and opportunity―a reflection of persistent disadvantage for particular ...

The twenty first century has brought along numerous revolutions in major sectors of the world’s economy. In the beginning of the early twentieth century, people grew the need for labor unions. These were mostly industrial workers since the period was during the industrial revolution. However, the success of labor unions has been on and off over the years. In some economical times, labor unions have improved the situation while in other economical times labor unions have further worsened the situation.
The thesis of my essay is to analyze the situation in Illinois after the newly elected governor ...

Introduction

Consider getting a minimum wage from your employer hourly, daily or monthly. It will greatly affect the standard of every worker making him/her feel no love with his work since it is the lowest pay. Would one feel satisfied because of high minimum wage? Increasing minimum wages will result to happy life and many workers will be in a position to support their families.

Arguments

Arguing against critics on increase in minimum wage, the increase in Boston for example, by the state government from $8 to $11 per hour by 2016 statistically shows that 60% of low-wage workers will be in a position ...

Summary

Minimum wage is the lowest hourly, daily or monthly wage which is entitled to an employee when working (Freeman, 1996). It may be referred to as the lowermost amount of wages at which employees can sell their labour. The concept of minimum wage has been implemented in various jurisdictions with different rates and differing opinions on the merits and demerits of it. Minimum wage rates vary diversely across jurisdictions in relation to the amount of money, the pay period and scope of coverage. Although laws concerning minimum wage have been introduced, minimum wage might exist without them. The individuals ...

Labor Market

The labor market is a nominal market where workers seek work in exchange for payment; employers seek for willing individuals to work. The wage rates are usually determined by the labor market forces of demand and supply. Labor markets could be national, local or international. All the three scopes of labor markets are composed of small labor markets. The small markets interact in terms of aspects such as skills, qualifications or geographical locations. The labor markets rely on the information exchange between potential employees and employers concerning wage rates, competition levels, and conditions of employment and the location of the ...

Employee Union protects interest of employees in terms of compensation, fringe benefits, working environment, conditions, overall cost to the company and pay inequalities. The findings presented by Julianne Treme suggests that Union does not play a major role in respect of wages though he accepts union’s role in ensuring good working conditions, securing job, and other civil rights of the workers. This paper discusses the research done by Julianne Treme, analyses his findings further and presents a conclusion which contradicts as well supports the research work of Julianne Treme.
“The wage rates, fixed between the union and the employers, ...

The article in the Economist (n.p.) is presenting the Walmart, global known actor for low prices in supermarkets, with employing a workforce around the world and the largest company measured in his revenue. The building of the firm focused on the lowering the costs that can bring competitive advantage for the firm and business. The firm has raised the hourly payment for its workers that has been known to be lower than from its competitors. They have raised the wages at one third higher that the federal minimum wage. Based on the report that was a marketing step and ...

Introduction

Trade unions are organizations that represent the working people. The membership of these organizations comprise of employees from different sectors of trade, professions and occupations. The union’s main objective is to represent its members in the working environment and in the general society. The working of the trade union is through collective bargaining as well as through a harmonized rule-making process. The South Africa trade union is the largest in Africa and plays a big role in the labor market and industrial relations in determining policies in the country. There are three prominent trade unions in South Africa whose connections ...

The state of Florida endeavors to become the top performing economy in the United States and the world’s best destination for learning, playing, working, doing business, and even living. To achieve these goals, the state formed the Florida Department of Economic Opportunity, here in referred to as the DEO. The DEO is responsible for the statewide coordination and management of community development opportunities, workforce programs, and economic development initiatives. The agency works with other partners in support of the governor to champion economic development in the state. Over the last five years, the DEO contributed immensely to the ...

INDIVIDUAL WRITEUP

Even though we are claiming that we are leaving in a free world where everyone has equal rights, there are still some forms of injustice that are done to women especially as far as employment and pay is concerned. Up to date, women pay still lags behind and what they are paid now on average could be equal to what men were paid over 10 years ago . There have been numerous efforts done so as to ensure that women get equal pay with their male counterparts and the question that many are asking today is – is it time that ...

Introduction

I am going to present alternative solutions for the ethical issues arises in global and domestic environments. First, I am going to give an overview of the ethical issues faced by your Corporation for plant relocation. Mainly, the major production industry for your onboard computer components used for automobiles is existing in United States only, and this was a major reason causing profit decline for your business. The major reason behind increased production cost is the wage rate i.e. $15/hourly i.e. also implemented for the new workers. Moreover, stringent safety and environmental regulations have made the cost of production expensive. ...

Life is not easy when living under the poverty line and more like a 150% effort is required each and every day. Working full time at job that pays minimum wage may provide enough money for a single individual, but it will certainly not for an entire family. Barbara Ehrenreich delves into the world of the minimum-wage workers in her book Nickel and Dimed: On (Not) Getting By in America. She seeks entry-level jobs and tries to support herself with the minimum wages from these jobs, for months at a time. Ehrenreich makes an agreeable and clear argument in Nickel and Dimed ...

Introduction

Business cycle and monetary theory are great aspects studied in macroeconomics. Economists were concerned with the changing nature of macroeconomics and most of them tried to elucidate specifically what goes on and the reasons for the existence of economic cycles. Due to this, several schools of thought and theories were developed. However, each economist was trying to outdo each other and criticizing one another’s work was quite common. The classical school which perceived economics to be a science of wealth was highly criticized by John Keynes. This paper shall critically evaluate the Keynes’ criticism on the classical school of ...

Today about 1.6 million Americans work for the minimum wage, which is less than 5% of hourly workers. It is a relatively small number as another 2 million people earn even less due to certain exceptions on the U.S. law. Now the federal lowest wage the companies may pay to their employees is $7.25 per hour, totaling in $15,000 per year for the full-time workers. According to the U.S. Bureau of Labor Statistics, most of the minimum-earning workers have the part-time job in the service industry.
For 2014, only in 4 states the minimal wages are lower than ...

Question one:

Korematsu v. United States is a locus classicus case in the Constitutional law of the United States of America. The case was decided by a nine-judge-bench of the Supreme Court of the United States of America.
The suit was premised upon an executive order 9066 that was issued by the then government of the United States of America. The Order was to have American Japanese detained in internment camps irregardless of their citizenship during the Second World War. This was an order by the Commanding general of the Western Defense Command in a bid to try and avoid sabotage and espionage ...

The journal discussion cover three topics namely income inequality, gender wage gap and labour decline and wage gap. These are some of the issue facing the citizens of the U.S. as per the current provisions. I found Income inequality and gender wage gap stories more compelling to me. According to the income inequality story, the main cause is the low minimum wage rate. When the low earners receive low earnings as dictated by the minimum wage rate and their counterparts high-income earners get higher income proportions, their income inequality continue to increase. In fact, there is a great need to ...

Introduction

Minimum wages have previously drawn condemnation from some economists who view it as an arbitrary price-fixing strategy by the government that serves to distort the market and entrench inefficiencies. Political and economic debate remains as to whether minimum wages should exist at all, and if so, whether the wages should be increased. In order to bypass Congress’ intransigence over the issue, President Obama signed an executive order in February 2014, imposing minimum wages of $10.10 on all federal contractors. Since then, private employers including fast food restaurants have strenuously resisted pressure to follow suit arguing that increasing the minimum ...

WalMart Stores Inc. is the largest private employer in the United States of America. Over the years, WalMart Stores Inc. has expanded across the globe acquiring a multinational status. Indeed, WalMart plays a significant economic role both within and outside the United States of America. As such, naturally a lot of focus is placed on the corporation. Business and legal pundits have analyzed the conduct, performance and structure of WalMart with a keen interest to observe its ethical practices. From the outset it is imperative to note that the multinational has not had a clean bill of health. It has suffered a number of legal ...

Perfectly competitive labor model

Several models can be used to explain supply and demand of labor in an economy. These models generally relate the supply and demand of labor in terms of employment and wages that an employer would like to pay for a certain employment. The most common models are based on wage level, employment levels and rates, unemployment and wage dispersion. One of these models based on wage level is the perfectly competitive labor market where free forces of the market decide on employment levels. This is best explained in perfectly competitive labor model in Wallisian labor market (Alicante, 2010).

In this ...

The luscious and red strawberry vivaciously fills displays in neighborhood grocery stores. Dozens and dozens of cartons end up in shopping carts all over the country. The consumer is veiled, and blinded to the reality of all the work involved to make sure those containers are filled with strawberries. Strawberry farming, though sounds magical, is not all what it seems. Strawberry farming comes with loads of risk, primarily relies on the weather, and involves a fluctuated amount of labor intensive work. Strawberry farming relies solely on the weather and the fruit itself is so delicate that it is very susceptible ...

Over the recent past, there has been numerous debate over a push by the federal to raise the minimum wage to $10.10 an hour from the current $7.25 (Epstein 2014). The article The minimum wage is no friend of the poor authored by Gene Epstein in the Barron’s is a well detailed analysis of how raising the minimum wage will consequently interfere with the labour market and ultimately influence international business. Epstein claims that there are many other better ways of lifting up people’s fortunes other than trying to micromanage the labour market.
According to the Congressional Budget ...

- Position Statement Topic: Eliminating the minimum wage
- Minimum wages should be abolished
- Economic arguments against my position:
- Setting minimum wages that are relatively higher that the unemployment support income would force the unemployed (especially those who are inexperienced and without skills) will be forced to not only gain both skills and experience, but also find employment.
- This takes the burden of unemployment support off the taxpayers and boosts efficiency in the economy (Novak 1).
- Minimum wages protect vulnerable laborers from exploitation by firms, especially since low-skilled and inexperienced ...

ABSTRACT

The report is about the problems faced by the labor of Wen Wai factory in Shenzen, Guangdong, China. Wen Wai factory is an outsourced partner of renowned toy makers AmeriTrade Toys of US.. Three problems as identified in San Francisco Daily News and article in December, 2003 the research explored issues including the duty time obligation, low wage rate issue and unhealthy food served in the factor. After analyzing the problem the recommendations are made in the final section of the report to solve the issues faced by the labor of the factory. The focus of the recommendations is ...

Writing Assignment #3:

EconS 102
Thee Downward Rigidity of wages
This paper answers the following questions prtaining to the downward rigidity of wages: (1) If prices are broadly flexible, wages are flexible upward, but wages are sticky downward, what are the implications for how long it takes the economy to return to full-employment equilibrium when there is a recessionary gap versus how long it takes to close an expansionary gap?; and (2) Suppose the government sets tax rates and transfer payment eligibility requirements so that the budget is balanced when the economy is at full employment, in surplus when inflationary gaps ...

Background information

In the past, matters affecting the employees were only discussed by the corporate employers or at times individual employers made their decisions about the jobs offered to employees without consulting one another. This resulted in a range of working conditions on the same job giving employees different attitudes. As a result dislike for some jobs developed and eventually fall-out of employees from jobs was very high. (dol.govt.nz)
This resulted in many incidents whereby the employees were exploited by the employers since conditions for the job were very strict. For example, an employer would decide whether or not to suck an ...

Definitions

Labor unions can be defined as organizations of workers that stand for the interest their constituents in labor-management relationships within a place of work (Grossman, 2005). Basically, Labor unions are formed to check on the interest of the member’s earnings, benefits, and work setting. In USA, labor unions can be dated back to the 19th century, where they arose from factory and industrial systems revolution. Different trades and occupations often have specific labor union. Communication workers, health care workers and employees in the hospitality industry have different labor unions representing them. Labor relations can be defined as business activities ...

In the recent past, many people have been voicing out the need to increase the minimum wage by both the federal and state policies. They argue that, an increase in the minimum wage will not affect the economy negatively as most economists suggests. The article Minimum wage increase would have mixed effects, C.B.O Report Says dated February, 18, 2014 authored by Annie Lowrey in The New York Times clarifies this issues using supported evidences. It explains that, the popular Democratic by proposal that is being championed by Obama to push the minimum wage to 10.10% an hour will create ...

When the president of USA announces that he might use is executive power over legislation to raise the minimum federal wage, it is very evident that there is a pressure and need to do so. This strong demand comes from lawmakers and other groups, which the government cannot ignore. The current minimum federal wage rate is $7.25 per hour; it is proposed to be increased to $10 per hour. Millions of workers in USA work under federal contracts. The new minimum wage limit is supposed to begin in 2015. The increase in the wage limit will definitely add to the productivity ...

1. Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.
In contemporary and competitive business environment, corporate social responsibility becomes integrated part of the companies’ marketing strategy. Companies across the world are emphasizing on corporate social responsibility to gain competitive advantage and to develop positive image. Apple is also fulfilling its economic, legal, social and ethical responsibilities by adopting contemporary processes and implementing strict standards. Apple was established in the year 1976 by Steve Jobs, ...

In the past, matters affecting the employees were only discussed by the corporate employers or at times individual employers made their decisions about the jobs offered to employees without consulting one another. This resulted in a range of working conditions on the same job giving employees different attitudes. As a result dislike for some jobs developed and eventually fall-out of employees from jobs was very high. (dol.govt.nz) As a result, the employees decided to form a forum to fight for their rights and campaign against oppressive employment.
After formation of such employee organizations (e.g. civil servants associations), the voice of the employees ...

The regulation of the labor market suggests the impact on labor demand and supply. The objects of regulation are the wages, working week and holidays, the procedure of hiring and dismissal, various kinds of social welfare and others. The main indicator of the labor market is wage, which is determined by summation of total cost of goods required for normal human activity. Changes in the level and amount of remuneration are in direct interaction with the changing supply and demand in the labor market. Summation of the whole demand of labor market resources at any price is considered to ...

Economically minimum wage refers to lowest payment index in hourly, daily or monthly that an employee is legally entitled to receive from any given taskforce in an organization. The legislation for the minimum wage was enacted in 1938 and currently being applied in approximately over 90% nations across the globe.
Despite its elaborate application in several countries, the concept has not been fully integrated in the society. Continual friction between the proponents and d opponents is a normal debate across the globe on the erosion of its real value and meaning. To the proponents, they observe minimum wage as a ...

The number of college graduates have increased overtime, with an estimated 30% of adults holding degrees by the close of the year 2010 in the United States. It is estimated that upwards of 50% workers have level of education that do not match their respective levels of education, with the majority of these employees having relatively more education than is required. Overeducation results in considerable wage costs by individuals, coupled with productivity losses to the economy. These costs have increase in part due to the faster rise in higher education participation, which has not been matched, by corresponding increases ...

Poor, homeless and low wage workers in the society are subject to systematic injustices that are mainly out of their control. First, many educated people sometimes face it difficult to secure a job to earn them a better living. Instead, they end up getting low wage jobs where they raise a little to earn their living thus stagnating in poverty. Economic conditions are the worst cause of such conditions commonly referred to as unemployment.
Nevertheless, harsh working conditions are another main cause of poor and homelessness. Some employers are very harsh and they usually put a lot of pressure to their employees ...

Poverty, Minimum Wage

With the poverty line established at fifty percent of median, USA leads with 17 percent of her population compared to 14.3 percent in Australia and 5.4 percent in Finland (Kahn and Leslie 10). However, congress remains reluctant on increasing the minimum wage within USA. The true minimum wage has been on a constant decline as from late 1960s. Since its initiation in the year 1938, the period between1997-2006 is the longest duration with no adjustment within the federal level; ($5.15/hour (Neumark and William 7).
There is notion that only youths make minimum wage. Nonetheless, 59.8% of all salary and ...

Causes of Poverty in the U.S.A.

Abstract

This paper explores the problem of poverty in the U.S. It explores the meaning of poverty and delves into its root causes. By contextualizing the causes of poverty such as corruption, this paper aims to show how poverty is brought about by the wider economic developments in the world. The paper also discusses the problems of First World countries and how these can be solved. Primarily, the study manifests that money is not the main solution to the problem of poverty. Thus, the paper presents several possible solutions to end poverty.

ECON 4, ...

Does Trade with Low-Wage Countries Cause a Trade Deficit in the High-Wage Country?

Since 1992, the trade deficit in U.S. has risen more or less progressively. The trade deficit relative to Gross Domestic Products in the second quarter of 2004 surpassed the 5% for the first time ever. Most economists considered “trade deficits” that were above 4% of (GDP) treacherously high. The fear may be that, unrelenting growth in the U.S. economy’s external imbalance would ultimately spook over-seas financiers (Christian, 2004). China and the U. S. share the most imbalanced bilateral-trade correlation in the world. Every year, the U. S. imports more goods from China compared to its exports to a tune ...

Introduction

The article entitled The Gender Gap in Wages, circa 2000 by June O’Neil discusses the existence of gender pay gap between men and women, despite the considerable social and economic growth that occurred during this century. Accordingly, the participation of women in the labor force has dramatically increased in the turn of the century, yet the labor force activity does not seem to narrow the gender wage gap. O’Neil argued that the wage gap between men and women is spelled out by non-discriminatory elements which “are unlikely to change radically in the near future unless the roles ...

MANAGEMENT AND DECISION MAKING

Following the recent unfortunate post-election skirmishes in the country that has gone on for a while now, the economy has greatly been affected. This has led to an economic slowdown whose ripple effects has hit our company and caused drastic changes in the operational activities in the company which if not dealt with prudently will destabilize and jeopardize the great success witnessed over the years of the company’s existence. It is to this effect that I have called this meeting with you (managers and supervisors) to disseminate information regarding the current company position given the situation at hand. The ...

Introduction

Finance, accounting and operating budget have a relationship as a change in one has an effect on the others. Thus, understanding the relationship is crucial as it enhances the ability to forecast the effect when there is a change in one aspect. In that respect, this analysis uses the case of Patton Fuller Community Hospital examining the effect of two nurses’ options on the Hospital budget and performance. The first option involves increasing the nurses’ hourly wage by $1 to $31 and retaining the patient-nurse ratio of 5 to 1. The other option is reducing the patient-nurse ratio to four to one ...