Wages Term Papers Samples For Students

The wage fund concept is a doctrine or expression which was developed by Stuart John Mill and other contributors of economic theory and political economist in the 1800s. This theory seek to show that any amount that an individual earns as a salary/ wage and which is paid to him/her from a certain amount of funds that is fixed and available to him every year is usually determined by the association of capital and wages to any population change(Spiegel 300). Therefore, the wage fund model developed by mill is as follows;

Wage= Capital/ population

This model states that workers wage is determined by the ...

Abstract

As the this topic of increasing minimum wage rate is always matter of concern in US we will discuss how the concept of minimum wage rate came into force and at what rate the minimum rate is increase or decreased. The effect on the economy like growth rate, inflation , consumer price Index and their effects will also be discussed.

Introduction

The topic minimum wage is a hot topic these days but it was introduced long back. New Zealand was the first country that came up with national minimum wage laws in 1894. The minimum wage covered almost all the industries ...

Poverty & Wages

Question a

Poverty can be defined as a condition of inability to live normal life because of existing economic conditions. Currently, there are several root causes of poverty in the world. They could be classified as individual or aggregate causes of poverty. Individual causes are those that affect an individual person while the aggregate ones are those that affect the whole population or economy. The causes of poverty may or may not have remedies.

Low levels of education and lack of skill is one of the root causes of poverty, especially in the developing countries. Lack of proper education will lead ...

Inflation in USA

Inflation in US
Introduction
Inflation refers to the rate at which the country is experiencing the general increase in prices of goods and services. When the rate of inflation is high, the purchasing power of the country’s currency will be low at the same time. This will comparably imply that higher amount of money is needed to purchase items that had been previously purchased at lower amounts of the same currency. The country’s currency would have lost the real value as a unit of account and as a medium of exchange of the economy. The chief measure ...

Capitalism is an economic environment in which factors of production and trade are privately controlled to maximize profits. Capitalism is characterized by such factors such as capital accumulation and competition in markets and wages. A lot of theories have been postulated in a bid to explain the origin of modern capitalism. This paper focuses on two theories on the origin of capitalism by Karl Marz and Max Weber. Special Focus is given to the alienation theory by Karl Marx and the origin of capitalism as explained in by two theories.

KARL MARX THEORY OF ALIENATION

In the theory of alienation, Karl Marx explains and discusses ...

- Mercantilism
What was the ultimate goal of the mercantilist philosophy and why this goal was considered radical at the time. What type of exports/imports did they encourage/discourage and what was the impact on the domestic working population?
The mercantilist philosophy was a policy that was enacted by the European colonists with the aim of increasing wealth in their country. Thus, the main way to increase their wealth was to entice its colonists to pay the supplied goods from the European nation using gold. This is because gold was considered more valuable than the colonists’ money. As a means ...

Background

The Multifibre Agreement was developed in 1974 and governed the world’s textile sector until 2004 when it was phased-out. The accord inflicted quotas on the amount developing countries could export to the developed world. It was meant to help the developed countries adjust to existing absolute advantage that the developing countries have in the textile industry. The existence of the agreement allowed the Bangladesh textile industry to flourish in the 20th century and early 21st century. It was highly expected that the phase-out of the MFA would greatly affect Bangladesh negatively as the country was highly dependent on ...

American Labor Market Overview and Trends

Labor market is one of the most important parts of any national economy, and USA is not an exception. The US Labor market has few significant trends that show how it was developed in the past and how it will be looks like in future. Unemployment rate analysis, job growth rate, and income analysis – these are the major sectors of Labor market that could represent its general overview.
First of all, the unemployment rate should be analyzed. If we look on past two decades as for analyzed period, we will definitely see two major period of US Labor market ...

Introduction

The legal system is present in all aspects of our lives to ensure that everything in life is fair and is done with a particular protocol. The labour market is not exempt from laws. It is an area that especially needs legality for it to function properly. Employees are otherwise powerless in determining their wages and treatment. Laws ensure that they have power and a voice. Without legality, the labour market will be a flood of unfair payment under unscrupulous employers.

Law in remuneration

Laws directly affects remuneration of employees in both public and privates sector. Laws stipulate how employees ought to be paid, how ...

(Tutor’s Name)
(Assignment)

Introduction
US has been the center of the global economy for the past several decades, and hence decisions taken by the U.S government can have significant impact on the rest of the world. In the same manner, the monetary policies formed by the Federal Reserve (FED) – the central bank of the United States –influence the economic policies of other countries worldwide. Therefore, central banks worldwide are closely monitoring the moves of the FED so as to make timely adjustments to their economic and monetary policies. The U.S economy was severely hit by the global financial ...

Executive Summary

This report was commissioned to investigate whether fast food workers deserve a living wage as opposed to the current federal minimum wage and if so, ways of effectuating the same. To this end, the paper provides an analysis as well as an evaluation of the current financial estimates and cash flows as evident in the McDonald’s Corporation Annual Report and its capacity to deliver on the aforesaid. The research paper also draws attention to the Australian franchise and their business model which has been able to overcome the hiccups that now face the corporation in the United States and ...

The North American Free Trade Agreement (NAFTA) refers to an agreement that was made in the year 1994 between the United States, Canada, and Mexico. It helped in lifting various restrictions that had been imposed on importation and exportation of agricultural products between these three states. The agreement brought about policies that were impacted immediately in accordance to the agreement. However, there were others that took over 15 years to be implemented (Hymson et, al. 226). The provisions provided by the North American Free Trade Agreement (NAFTA) were set in place by 2008 between the North American countries. This ...

Abstract

The labor unions have provisions and features which allow for more discrimination based on race and ethnicity. They were historically detrimental to minority workers, especially the Blacks. This paper will focus on the historic vulnerabilities of the minority workers, specifically the Blacks and the Chinese workers during the 1800’s. These vulnerabilities pose a dangerous risk to the continued manifestation and persistence of discrimination among minority workers.
This paper, therefore, intends to illustrate the ways by which labor unions put the Blacks and the Chinese workers to a great disadvantage in the past. This knowledge would be essential in generating ...

Overview

The theory of consumer choice is interested in the manner through which make decisions on the amount of money that they can commit on their preferences considering their budget constraints (Levin & Milgrom, 2004). All consumers have a budget past which they cannot spend. This budget is influenced by the wealth and income of the individual consumers. The budgets erect constraints on the ability of consumers to acquire their preferences. The consumer choice theory informs the choices a consumer will make considering the price of a certain good or service and his income.
The exploration of the consumer choice theory ...

Chief executive officers (CEOs) are among the most important members of any business organization. CEOs plan and direct company policies to make a company more profitable for its shareholders. Their personality traits can directly influence the potential of the business, and affect how people working for the CEO interact with him/her to complete their jobs. Indeed, the leadership attributes of those at the top set the business culture that is projected to the world. Therefore, it is the duty of the CEO to maintain high standards of ethics, thought, and leadership; Wal-Mart’s CEO, Douglas McMillon, has done just ...

Introduction

The Canadian labor market is abundant with skilled and qualified workers, and hence, the country’s labor market is becoming increasingly competitive. In this context, it is necessary for the government to ensure that all these candidates are employed and getting paid fairly. However, it is identified that Canada’s unemployment rate soared high during the recent recession and it has not yet recovered completely. Since Canada is a well-developed country, it is particularly important for the Canadian federal government to analyze the short-term as well as long-term costs of high unemployment rate to the country’s economy. This ...

Question One

National income accounts provide the framework summarizing and categorizing productive activities within a given time period. Simply put, it provides a criterion for measuring the flow of earnings of individuals through the process of producing goods and services. Since national income accounts are solely based on production, they are responsible for giving a reflection of the aggregate level of output. However, scholars and economic analysts have argued that National Income accounts have several limitations when it comes to measuring the overall level of welfare in the economy (Karl-Gustav, 2006).

First, National Income accounts ignore household production or near-market activities such as childcare, ...

Introduction

Basically, business ethics is a very complex topic and may not be easy to understand what to include and what not to. Often, people would differ on what ethical decisions are and what ethical decisions should rely on. Decisions are part of life and very important to make. Without decisions, life would be stagnant and no progress would be achieved. In fact many decisions made do help to either achieve their objectives or not. In most cases business owners do find themselves fixed in their businesses because of what we can term as ethical dilemmas. The ethical dilemmas may include ...

Introduction:

We have seen economic progress through the centuries, and we have prized that progress because the same has been making our living standards better and it is giving us access to so many services. That of the United States is an economy which screams progress, but within this progress, the economy also hides a great flaw. In this economy, the rich seems to be getting even richer, while the poor suffer through the worse of the ups and downs, at least this is a question that we are going to prove true or false in this paper.
As per ...

Management

1. Lou Gerstner Earliest days at IBM
In his work, Watkins (2013) explains how one can make a change within a short period of both getting enrolled in a new job, being promoted and even being sent out for an international assignment. This work goes hand in hand with our discussion of the day involving the successful story of the former IBM chief executive officer Lou Gerstner. It was on the 1st of April 1993 when Lou Gerstner took over as IBM Chief Executive Officer. This change of leadership was brought about by the poor performance of IBM in ...

EXAM QUESTIONS ON BUSINESS AND SOCIETY

1. To what extent are companies justified in claiming that they are good corporate citizens?
The key goal of any business enterprise is to maximize profits and minimize cost. The management must safeguard the social welfare of the employees. In addition, the company must respect the social and cultural values as well as providing quality products and services to the consumers. Therefore, corporate citizenship is the understanding of all stakeholders in a company or business enterprise that it has social responsibilities to the employees, the surrounding society and the consumers, who indirectly influence the company’s performance in regional ...

Did the Rich World Become Rich Using Colonization and Exploitation of the Poor: A Critical Assessment of Theory and Empirical Evidence

Introduction

The rich world tries to forget that the causes of underdevelopment and poverty were slavery, colonization, brutal exploitation and plunder, which for centuries were subjected to different countries. The poverty from which people suffer is associated with the imaginary inability of Africans, Asians, Latin Americans and Caribbean, i.e., blacks, Indians, yellows and mestizos, develop, and even manage their own countries The current economic order, imposed by rich countries, is not only cruel unjust, inhuman, contrary to the inevitable ...

The effect of minimum wage on employment has been one of the most explored topic in the discipline of labor economics. During the global recession that plagued the world recently, the rate of employment for the low-skilled and young workers (who comprise the largest component of all minimum workers) worsened disproportionately. Traditionally, some economists have argued that the imposition of a minimum wage that is above the market clearing equilibrium wage reduces employment and at the same time contributes to unemployment particularly among the relatively unskilled as well as the young workers. This is quite ironical given that this is ...

Introduction

In the ever changing business environment, employers are looking for the best strategies that can be used to reduce the costs of production. The factors of production such as labor, land, and capital have become expensive. However, employers have capitalized on reducing the costs of labor in order to reduce the costs that go into the production of goods and services. As indicated in the two empirical studies “Just a Temp: Experience and Structure of Alienation in Temporary and Clerical Employment” by Jackie Krasas Rogers and “The rhetoric of the `good worker' versus the realities of employers' use and the ...

Immigration, both documented and undocumented, is a large policy issue facing the United States of America today. Documented immigrants are immigrants who have come to the United States legally, with the proper paperwork, and the appropriate visa for their situation (Khor and Winegarden 1991). For some, documentation may come through a job offer; for others, documentation may be granted based on a familial or spousal relationship to an American citizen (Khor and Winegarden 1991). Documented immigrants are immigrants who are, in essence, in the country legally; undocumented immigrants, then, are immigrants who are in the United States illegally. The bulk of the ...

Background

According to Gheen (1), illegal immigration originated from legal migrations that took place between the late 1800s and the early 1900s. In 1928, Edward H. Dowell who was the vice president of the California Federation of Labor announced that 67000 Mexicans had legally immigrated to America the previous year but an even larger number had illegally immigrated to America. Gheen (1) further argues that massive illegal immigration started in the early 1940s due to labor shortage on America. The federal government arranged for the temporary importation of Mexican labor to contribute to agriculture, under the Bracero Program. Even after ...

Introduction

The idea of slavery for many people is the images of black men in cotton plantations, working a whole day for no pay. The trade of African people for lifetimes of slavery is the other embedded idea of slavery to many people living in Canada and United States. These concepts of slavery ignore the possibility of a current form of slavery. The idea that slaves are working forcefully without pay in Canada and the United States is farfetched. This status of ignorance acts as part of the modern day slavery, where people, especially young girls, are sold for purposes ...

Introduction

The primary objective of this term paper is to examine the intended and unintended consequences of the Split Roll taxes in California. Also, the term paper will address how commercial and residential property owners will bear the costs of Split Roll taxation system. Finally, I will offer alternatives to the Spilt Roll taxes and why I think they are ideal choices.
I don’t support the Split Roll taxation since it would treat commercial property unfairly. Leaving out residential property in the current taxation system is not ideal since all individuals should be subject to a standard tax system. ...

Edward Bellamy published a utopian novel “Looking backward,” which became the most influential books in the history of American Utopian. The book provides a vision of the future that indirectly has assisted to direct the evolution of the American community. The book led to the creation of utopian societies and had great influence on political thought in the 20th century in the United States and the rest of the world. However, the author's illustration of a society where a person is subordinate to the state and industry army marches in lock step for the common good raises questions about human rights and fear ...

Airline firms that do business need to understand the forces that may impact on their survival. This will enable them understand these forces and how they may impact their performance. This will enable these firms to implement strategies to counter these effects in order to maximize profits. This can assist companies to carry out feasibility studies when planning to enter a new market. This will help it analyze different market segments and assist such companies implement business models that are profitable. Bargaining power of buyers This threat is high because most customers ever search for better deals. As such, commercial ...

Abstract

A workplace require many things be it employee perks or flexible working hours, work-life balance programs or health insurances, either Onsite health benefits or employee development, great atmosphere to work with or employee rewards, all of these if provided to the employees’ they would remain sincere and motivated towards their work. This research paper seeks to know whether Marriot International Fulfills all the employees’ wants and demands for the place they would like to work at. The research has concluded that Marriott promises and has proved to be the best place the employees’ would want to work at.

Marriot International

Introduction
...

“Genocide” is the term used to describe a mass destruction of, or within a particular group, based on racial, religious, or ethnic discrimination, with deliberate and systematic motives. The term “Genocide” was coined by Raphael Lemkin, in the year 1944. Lemkin was a lawyer and his book “Axis Rule in Occupied Europe” introduced us to this term for the first time. According to Raphael Lemkin, “Genocide signifies a coordinated plan of different actions aiming at the destruction of essential foundations of the life of national groups, with the aim of annihilating the groups themselves.” However, according to the Convention on the Prevention and ...

Introduction

Managing and making a business grow is not entirely about profits, revenues, dividend yields, and return of investments. Although the financial aspects of a business are not to be considered as a minor consideration only, over-focusing in such aspects could be as disastrous as not focusing on them at all in the long run. There are literally lots of factors that could affect the way how a business could survive or thrive, especially in a highly volatile market environment that the world has today. This is definitely true for large-scale international businesses that have regional branches scattered in different countries. Even though entry to ...

Introduction

One in every 10 Mexicans resides in United States. Mexican-born immigrants account for 29.8% of all foreign born immigrants in United States (Bean & Gillian 2003). This means they are the largest immigrant community in United States. Mexico borders United States to the south and the proximity of these countries has over the years translated to increased border movements and immigration. Civil society and human rights activists have proposed amnesty as a good way to tackle illegal immigration. The debate on amnesty has dominated talks in various forums and has become a key political issue. The following paper focuses on a newspaper article ...

Introduction

Statistical analysis is very vital to every organization as it shows where a company is coming from and where it heading to thus helping it to strategize in order to increase its profitability. The prices of gas have been on the rise in the recent past and it has become very difficult for the consumers and the suppliers to predict the future performance of the gas prices. It is very important for any party involved in the supply of gas to carry out a statistical analysis of the gas prices and also determine the reaction of the consumers. This will help ...