Look Through These Minimum Wage Essay Examples for Weighted Writing

Minimum Wage

Perhaps, the issue of minimum wage legislation is among the most controversial issues surrounding the ...

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 ...

Abstract

Minimum wage legislation has diverse impact on county’s economy. This is because it interferes with market demand and supply of labor. The negative economic implications brought by increase in minimum wage are increased inflation, unemployment and under employment, investors opting not to invest in the country, and increased wage rigidity during times of business recession. Extend in which the effect is felt depends on the level of minimum wage in respect to equilibrium wage. Therefore the government legislation and collective bargaining agreements regarding minimum wage should be careful to avoid adverse effect caused by alteration of minimum ...

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 ...

The term minimum wage rate refers to the minimum amount of compensation that an employee receives after performing a particular task. It is prudent to note that the minimum wage rate is established by either government legislation or the contract. This implies that it is illegal or unlawful to pay employees an amount that is less than the minimum wage rate that has been set by the government. The subject about the minimum wage rate has been debated for a long period of time. Some people argue that the minimum wage rate should be increased while others argue otherwise. ...

Introduction

The term, “minimum wage” refers to a lowest payment that an employer is bound to pay to its workers. Today minimum wage is made compulsory in more than ninety percent of nations including Canada where workers are demanding to increase minimum wages for a long time. Minimum wages are revised by governments in order to met growing needs of workers. There is a difference of opinion on the issue of increasing minimum wages among people of Canada. Employers and employees also have difference views on the issue of increasing minimum wage. This paper intends to discuss the issue of ...

Maureen O’Herin

English 1A
Should the Minimum Wage be increased?
Minimum wage can essentially be described as the hourly wage rate set by the law, and it exists to ensure that people who work can earn enough compensation to support not only themselves but their families as well. The idea behind minimum wage has been in existence in American since the late 1800s and the early 1900s when the trade unions were formed and started agitation for better pay for workers from different professions. Since then, there have been various changes to the minimum wage over time, with the government adjusting ...

Introduction

Minimum wage has always been a contentious issue in the United States. The federal minimum wage has for a long time been placed at $7.25. However, recent years have seen the debate intensify on whether this federal minimum wage should be increased especially given the current tough economic times. Some have advocated for it to be increased while others have vehemently opposed any policy meant to increase the minimum wage arguing that it will have more negative repercussions than benefits. Various arguments have been forwarded either supporting to disapproving an increase in the minimum wage. This paper adopts the ...

Summary

Minimum wage legislation is a very popular and populist issue. There are both economic and social needs to be addressed in the matter. There are also very highly opposing positions in the discussions.
There are many arguments in favor minimum wage legislation. Perhaps, the most important among them are four rationales: poverty alleviation, reduce wage inequality, employee protection, and economic stimulation. Meanwhile, among the four more important arguments against minimum wage legislation are: increased unemployment, aggravated poverty, increased high school drop-out rate and prolonged unemployment periods, and reduced global competitiveness.
In the light of the present world economic crisis, ...

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 ...

Minimum wage can be defined as the lowest daily, hourly, or even monthly payment that employees can legally be given by employers. This is defined as the lowest wage in which employees can sell their labor. It is the statutory remuneration that is fixed by the Agricultural Wages Advisory Board and the General Wages Advisory Board or any other council of any sector which has been established by the ministry of labor. Constitutional minimum wages were suggested in order to control the explosion of different sweat shops and especially in manufacturing industries. Sweat shops were known to employ large ...

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Introduction
Over the last few decades, the American society has witnesses a remarkable dissimilarity in the wealth and income distribution in the country. Simultaneously, the American government has not been successful in effectively addressing the stated escalating inequality and bigotry to allocate assets and capital. Consequently, the outcomes are less efficient, less helpful, and less tolerant. Therefore, there is a widespread acknowledgment that the United States of America has turned out to be the most unfair and lopsided affluent country in the world. This inequitable attitude is evident by all logical measures (King 72).
Although the ...

Business

Introduction
In the United States, the minimum wage was imposed in 1938, by the federal government via the Department of Labor. Almost all the governments of the states have imposed the minimum wages. The minimum wage was imposed in order to prevent the employers form giving wages below the instructed level. But, the minimum wage generally ends up hurting the workers and the economy. “A higher minimum wage will cause job loss in the United States”.
In this paper, the job loss and unemployment that is resulting because of the minimum wage is discussed with the help of the ...

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 ...

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 ...

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Introduction
Over the past several decades, there has been a dramatic inequality in the distribution of wealth and income in the United States of America. At the same time, the state has failed to aggressively address the mentioned increasing disparity and discrimination in allocation of wealth. As a result, the consequences have turned out to be less effective and less liberal. It is now widely acknowledged that by every logical measure, the United States of America is the most imbalanced and lopsided rich country of the world. As far as economic mobility is concerned, “the likelihood ...

The labor market is constituted by the employers and employees. The two distinct categories of people ensure that the goals set in any organization are achieved and accomplished. The minimum wage laws in any state categorically state the lowest amount of wage that a person can be paid for a stipulated amount of time when he or she is engaged in useful employment. The canons depict the minimum amount of wages per hour that are payable to any stipulated group of workers. In the United States, the Act has been enacted to ensure that the minimum wages set are ...

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 of ...

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 ...

Q. Does an increase in minimum wage result in a higher unemployment rate?

Issues and Background
In response to the great depression of 1920s, minimum wage laws were introduced. As the economy was suffering from a big set back characterized by falling prices, falling output and falling employment, NIRA, National Industrial Recovery Act (1993) was introduced in an attempt to curtail this downturn, encouraging the trade associations to formulate agreements of minimum wages and establishes price floors. The participating firms used to display a "blue eagle" logo. But just after two years the Supreme Court Ruled NIRA as unconstitutional and all agreements made under this act were terminated. After three years in ...

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 ...

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 those workers ...

More Information about affiliation, research grants, conflict of interest and how to contact.

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 effect

Minimum Wage: A Boon or a ...

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 ...

Food service workers have had a history of poor pay. This can be attributed to the fact that food service employees do not adhere to minimum wages. They often give the excuse that food service workers are tipped by the customers thus paying their employees very little. In some cases, the tips that they make are even retrieved by the employees and in other cases, they are forced to share the wages with the cooking staff (Epstein, & Heizler, 2008). This just a few of the injustices that tipped workers go through on an everyday basis. What most employees do ...

Poverty has been attributed to low income, low wages and unemployment. The provision of a wage by the current federal law has been pinpointed as a means of control in order to reduce the working poverty level. However, the question of whether raising the federal minimum wage will work at improving the current population poverty rate is still an impending topic in the United States. Productivity in an individual firm is determined by the available work force. The raising federal minimum wage has adverse effects on the businesses and the country’s economy. State policies to increase the payroll ...

Statement of the problem

The minimum wage is a controversy subject when it comes in receiving wages, as most workers will come to an agreement that, one can never be paid enough. Nevertheless, employers may cause problems with that declaration, believing that they pay greater than the amount entitled to the employees, hence creating a conflict between minimum wages.Arguments supporting raising the minimum wage In my opinion, I consider that it would be a good impression to increase the minimum wage. The motives behind this is because the cost of living has gone up to the level where individuals are not making adequate ...

It is untrue that most people on public assistance are too lazy to work. In truth, if by expending the energy to work a job for forty hours at minimum wage their lives could be better than it is using welfare, they would work. But, with the current minimum wage of $7.25 an hour, for many of these adults, their lives and the lives for their families would be the same, if not a lower quality of life would be had, if they worked. By using Section 8 housing vouchers, Medicaid, food stamps, LiHeap, and cash assistance the same ...

Seattle’s Bold Minimum Wage Experiment

The study of microeconomics encompasses an assortment of units of the economy, how they function and how they reach their symmetry. In this analysis, the paper seeks to use the main theories covered under microeconomics in discussing the Seattle Minimum Wage.
The city of Seattle sought to raise its minimum wage to $15 an hour; a development that some may consider a bold move accompanied with a sense of utopia. In essence, the experiment is an untested move whose effects are unknown. Is it, therefore, prudent to consider a matter reliable if it has no tested truth? Certainly not, ...

Introduction

The term minimum wage denotes the lowest sum of money paid to workers or employees by employers in a given country or state. Minimum wages are expressed as the amount of money per hour that employees are entitled to from their employers. Calculations and formulation of new minimum wage rates in Florida is effected annually on the 30th of every September (Dittrich, 2011). The employers have the right to decide when they make minimum wage payments to their employees. Notably, the employers are not obliged to increment of employees’ wage rates based on the period that the workers have ...

Question 1

A popular topic talked in congress is the idea of increasing the minimum wage. Some believe that increasing the minimum wage will result in an increase of unemployment; however they are mistaken. Raising the minimum wage will actually increase the money available to low income families for necessities such as Some believe that increasing the minimum wage will result in an increase of unemployment. The thesis statement has a claim on increase in minimum wage and it is strident on the point.

Question 2

The writer assumes that there wouldn’t be a tax charge that would eventually reduce the net ...

Introduction

Barbara Ehrenreich in her book, “Nickel and Dimed,” covers some problems that are faced by low-wage workers. Albeit she is not truly a low-wage worker, Ehrenreich while serving in Florida, scrubbing in Maine, and selling in Minnesota actually becomes first hand eyewitness to the poor workers whose lives in fact are desperate due to their financial situations. She learns the application process of low job that involve numerous multiple choice questions as well as urine test. She uncovers special costs, which the poor encounter. She continues to investigate various problems that low-wage workers face.
The problems that poor workers ...

Introduction

People go to work and fulfill their duties and responsibilities expecting that their employer would compensate their efforts with salary in the form of money and other perks and privileges such as insurance coverage and eligibility to be included in some government-sponsored public and social services programs. Whenever a person looks for a job, however, his choice would almost always be affected by this one thing: money. People would naturally be inclined to accept a job offer that promises to pay them periodically with more money compared to one that offers a lower salary. This reaction or behavior is ...

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 ...

Wage and hour laws are enforced by the wage and hour division which is entrusted on ensuring that the nation’s labor laws are well enacted. These labor laws consist of the overtime wages, minimum wages for workers, provisions of child labor and the provisions concerning hours that workers are supposed to work in a week. United States came up with Fair Labor Standards Act to ensure that all united state’s workers complied with hour and minimum wage standards. Fair Labor Standards Act (FLSA) was enacted in 1938 as a measure for the standards for the overtime pay ...

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 ...

Introduction

The proposed research topic is on the effects of raising the minimum wage of workers at the world’s largest fast food chain – McDonalds. There has been a stir among researchers about the feasibility of this proposal ever since President Barack Obama and the liberal party made raising the minimum wage one of their focused agenda. Experts in the field of economics have divided opinion over the matter and no solid conclusion could be made regarding the matter (Conservative Tribune, 2014; Shin, 2013; Ticker, 2013; and Weissmann, 2014).

It is due to this divided opinion that a research such ...

Minimum wage is a social issue that affects most middle and lower income groups in United States. The government has addressed the issue by setting the minimum amount that every employer has to adhere to when compensating workers. However, most of these laws remain written on paper and are never implemented by most employers. Employees on the other hand continue being exploited by being made to work more for little. The main reason for this is because they lack the ability to negotiate with their employers who mostly give them the option of taking up the job or leaving ...

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 ...

Historical Overview

Indiana gained statehood in 1861 but important events have shaped its political and cultural identity. One of these was the NorthWest Ordinance (1787). At the time, Indiana was not yet part of the United States, and the Northwest Ordinance, provided an ambiguous foundation for states that sought statehood. Until then, Indiana (as well as other surrounding states) were governed through territorial governorship. The Northwest Ordinance was significant for several reasons. First, the governor held absolute vetoing power. Second, the individual liberties were written and protected in an official document and lawfully recognized four years before the enactment of the ...

Abstract

This paper is on topic of teamwork and motivation. The first section of this paper will design an organization, motivation plan that encourages high job satisfaction, low turnover, high productivity and high-quality work. The second section of this paper will discuss two methods to motivate all employees in the organization and these methods will be rated in order of importance. The third section of this paper will propose three ways to motivate the minimum wage service worker and will support the suggestions using a motivation theory. The fourth section of this paper will analyze the importance of individual workers ...

- “Raising the minimum wage will ultimately bring about more harm than good to the majority of people working minimum wage jobs” is the thesis statement of the analyzed text, which contains the claim that minimum wages should in fact not be increased, as it impacts the minimum wage workers. The claim is solid and consistent, determining the further growth of the information.
- The introductory paragraph places readers in front of an economic text that uses simple and modest yet competent concepts, indicating the writer’s fair minded and familiarity with the discussed topic.
- - what they ...

Hernderson’s article is different from Sherk’s in the way Hernderson views the effects of increasing the minimum wage. Sherk argues that the effect of increasing minimum wage is the reduction of people in full-time minimum wage jobs and increased difficulty in landing these jobs for those seeking them. According to Hernderson, the effect is increase in teenage dropouts, reduced competition, and reduction in benefits for those who remain in their positions, as well as unemployment and reduced job opportunities. Hernderson explains that economic studies indicate that increase in minimum wage entices teenage students to drop out of ...

Introduction

Hello Augustine, I learned through the internet that some 90 percent of the countries around the earth have legislation that supports minimum wage. For instance, I learned that minimum wage in the countries, which rank within lowest 20 percent of pay scale is actually less than 2 U.S. dollars per day or roughly 57 U.S dollars per month. In these countries, universal minimum wage is essentially set by the national law for all the workers whereas partial minimum wage is actually set by region, in certain industries, or through bargaining agreement.
Thus, I think that the issue of increasing ...

Policies on minimum wages in the United States are common in the headlines in the current era. Globally, it has become a common trend and various countries following the ongoing dynamics in economical trends. In the United States, every job has stipulated wages. These policies are governed by the Fair Labor Standards act. Besides, there are other laws, which operate locally to determine the minimum wages for every job. The main goal of these laws is to ensure that every American who is working is paid fairly according to the work he has done. In America, the minimum wages ...

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 ...

- 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 employees have low bargaining power, lack ...

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 ...

In this paperwork, I am going to respond to the following question- whether price floors are economically efficient. It is depicted that when a price floor is set, then a certain minimum price of a good or a service has to be paid. Setting up the price floor above the market price will result to no direct consequence, but setting it, the price floor, above the market price will entice the producers to produce more, thereby, resulting to the generation of excess supply.
It is important to note that price floors are examples of strategies implemented by the government ...

As a transfer applicant to The University of Texas at Austin, I am a freshman, who is currently applying for a sophomore transfer. Apart from my studies and student life at the college, I am fond of math and everything that has to do with with numbers and calculations and, at this level, am aware that I want to relate my profession exclusively to accounting. I wish to share my experience related to the issue of importance, i.e., the minimum wage for teenagers. According to the Bureau of Statistics, 16- to 19-year-old teenager employment, has fallen in the country, ...

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 ...

Section one

Nursing is one of the oldest professions that individuals have pursued over time. The evolution and development of nursing are intricately connected to the many historical developments over time. It is only through the study of the history of nursing that we are able to comprehend the issues and societal forces that have confronted the profession over time. This study also has a major role in helping the nurses to be appreciative of the profession and the role that nursing has played over time. In many societies, the decision as to who would become a nurse or caregiver was ...

Multilevel study finds no link between minimum wage and crime rates. Article by Dawn Fuller

In general, there are two types of statistical procedures. These include inferential statistics and descriptive statistics. However, the above study is said to have utilized interferential statistics. Ideally, inferential statistics lays its focus on making inferences or predictions regarding a population using the analyses and observations of a sample. The rational for reaching on the conclusion that the above study employed inferential statistics is largely pegged on its mode of analysis: inferential statistical tests. The study employed an econometric time series analysis to analyze its datasets, which is referred to as the autoregressive integrated-moving average (ARIMA).
There are three ...

Increasing minimum wage by the federal government

Increasing the minimum wage by the federal government will cause a reduction in staffing levels for some selected businesses. Increased minimum wage implies that the government expenditure is going to increase drastically. As a result, the government will want to reduce costs, and this will be possible by reducing the number of workers for selected companies. Following this action, some companies facing the effect of increased costs and with the inability to sell more of their goods or pass the burden to their customers, will be forced to hire very few low wage workers. Ideally, low-wage workers will lead ...

Hello Lloyd, I have a similar question about how we can as a nation raise minimum pay for us and especially for the poor workers. It is absolutely true that those individuals who actually come from dynasties, who are educated, or who own businesses do not make minimum wage. This means that the rich do not make minimum wage as you have stated. The people who are affected are the working poor.
For that reason, I think that it is impossible for us to raise minimum wage for the poor because the poor who face challenges that result from ...

I am Mike. I am a young man aged 19 and I live in Southington, CT. I had to move here – against my wish - from Boston simply because I could not afford to cater for the living expenses at Boston. It so happens that there is no member of my family who lives anywhere within, that is, I have to take care of myself and do everything for myself. As such, I have to work extra hours and try to earn an extra living so as to make the ends meet. This is no easy feat. First of ...

Introduction

Foxconn Technology Group is a Taiwanese company that manufactures and assembles many products of Apple, including iPad and iPhone in China (Hays, n.pag.). The number of people employed by the company is over 0.1 million. However, the company has been in news recently for being alleged of unethical human resource practices and inappropriate treatment of employees. The objective of this paper is to understand the pros and cons of Foxconn issue through article review.

The paper is divided into four sections. The first section deals with analysis and evaluation of arguments in favour of the issue through an identified ...

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 ...

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 ...

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 ...