Essays on Wage

The following is the outline we had to follow for our paper, the part in yellow is what I need you to complete for me please. The rest I have already done and the content I wrote can be found below.

1. Background (description of the problem or initial assumptions) a. List up the different aspects of the company’s background. b. Precisely identify the problem or challenge to be solved. c. Describe the initial assumptions for the elaboration of the plan. d. Presents a well-founded starting hypothesis, clearly written. 2. Company / Organization internal analysis. a. Develop a ...

Caucasian and African women are segregated by the differences in their salary and education. With the persistence of racial-based wage and education gaps in modern society, the status and role of colored women, specifically those from the African descent, remain discriminated due to the prevalence of indissoluble racial and gender stereotypes. Although the philosophy of racial and gender equality has, in essence, created “equal education opportunities” for all females, the provision of racial equity has yet to be fully realized. In reality, however, the education and economic gap between Caucasian and African women evinces that the school and professional ...

Expectations is a critical topic on macroeconomics and defines the pivotal elements of every market economy and controlling all the economic transactions and decisions. The activities within an economy are usually defined by the expectations of the people.

In normal situations, when the supply of goods like oil falls, its price rises pushing for higher production by producers while consumers conserve on its use to get substitutes and get prepared for more. The price controls are significant in controlling the expectations and eliminating the poorly executed economic plans or activities. The government intervenes in the economic expectations or plans ...

The maquiladora programs or operations are supposed to be an economic opportunity for the people of northern Mexico due to the large quantities of jobs available. However, it became more of a liability than an asset due to numerous problems associated with the program. First of the three major reasons why the maquiladoras are more of a liability is due to environmental problems caused by these operations. The environmental policies which are implemented in Mexico are not as effective as the policies in the United States. In addition, most of the operations do not follow these environmental policies. Due ...

Wage inequality is the unfair distribution of income among the different participants in the economy. It's very common in many economies where only a few percentage of the citizens are incredibly wealthy, and others are destitutes. The gap between the poor and the rich is very broad. There have been different explanations to this. David H. Autor carries out analysis in an attempt to determine the appropriate reason for the gap. In the article, David claims that the need for better and more skilled workers led to advancement in education thus more pay. This created a gap between the ...

Q. 1. A. To calculate nominal, real, and GDP deflator, the following equations were used. Nominal (NGDP = Quantity (year) X Price (year), while real GDP) can be expressed as (RGDP = Nominal / Deflator), and GDP deflator can be expressed as (GDPD = Nominal / Real GDP X 100%). Therefore; (See Table 1.) B. For multiple items, calculating CPI requires a weighed average of the commodity price. In this sense, the prices of listed items were calculated as (Average = Bread price +TV Sets + etc. / 5) for each year. After which, the CPI was calculated using the equation (CPI of Multi ...

Introduction

Migration is a situation where people move from one place to another for varied reasons. It can occur from a region to another, from one country to the next or even from one continent to the next. In International Migration, people move from one country to another or others. The movement can be an individual, a family, clan, and other groups with a common interest. The reason for this displacement can be wage driven, capital, risks, or labor demand. Many theories explain the reasons why people migrate; in this paper, we will discuss two of them; neoclassical economic theory ...

"Education is the key to opportunity, It's a ticket out of poverty." George H. W. Bush. My life began in the inner city Housing projects in East Orange, New Jersey. I was born in a large household being the sixth of seven children. My father died when I was two year's old and my mother had to struggle to bring us up on her own. My mother was the third of nine siblings, born and raised in Brookneal, Virginia in abject poverty. As was the norm during her childhood years, children had to work in plantations and tobacco fields ...

Very few activities are such that they give many feelings at the same time. I believe that sport is one such activity. It gives a thrill, excitement, joy, defeat, failure, sadness, distress, anticipation, and many other feelings at different points in time. Such a wide range of experience is what makes me like sports as the discourse community of my interest. I enjoy watching sports, and I would even love to be a part of some major sports. Ever since I was a child, I watched my father and my uncles watch different games. They introduced me to various ...

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 ...

Gender equality is an issue that has persisted throughout history and pervaded the same on one level or another. Throughout much of history, men have used religion, power and influence to subjugate and limit women. One might think that such a pattern would be tapering off and going away in the 21st century and within modern times. While many countries, including the one mentioned throughout this report, have been able to advance and progress in major ways, there are still a ton of opportunities to learn and grow.

Focus of Report

This report will focus on a specific country and a specific ...

<Insert Name>

Compensation Manager

<Insert Company Name> <Insert Address> <Insert City> <Insert Name>

Chief Executive Officer,

<Insert Company Name> <Insert Address> <Insert City>

RE: SOLUTIONS TO THE INCREASE IN THE MINIMUM WAGE RATE

The decision by the local legislators to increase the minimum wage rate from $7.25 to $7.75 may lead to a high increase in the cost of production of the company thus affecting its revenues. Although the new policy may not be good news for the company, it may work in its favor in the long term. This brief examines how the increase in the minimum wage rate by $0.50 will positively affect the ...

Introduction

The fast food industry is a multi-billion venture for companies operating in the United States and those that have a foothold in the global market. One of the successful American publicly traded franchises is McDonald's with food stores both in the United States and beyond. McDonald's has a net worth of about $110B, annual revenues of $25.36 B and a profit margin of $5.7B by close of the financial year in 2016. Besides, McDonald's has a strong history of acquisition spanning from the 90’s where it acquired Chipotle. Followed by Donato Pizza, KeyCorp, Essex Capital Markets Inc., Wallach ...

As much as there has been the creation of employment opportunities massively generated by the oil industry in the Middle East and North African nations, there are still significant disparities on the level of women participation in the labor force as noted by Massoud and Moghadam (53). These disparities have been attributed to various factors, but the most outstanding reasons have remained to be two-fold; first, the traditional gender paradigm characterized by patriarchy play a significant role accompanied by occupational segregation which is mainly defined by disparities in the income level. This thesis paper explores the validity of the ...

Wage structure is an important aspect of the strategic management practice that affects the productivity in an organization. The human resource management team is tasked with the role of ensuring that different roles are adequately compensated and that the employees have a clear, well-defined promotion structure. There is a need for the organization to assess the demand and supply and the interaction of the market forces in the labor market. In so doing, they can determine the right compensation for a particular position. This paper will assess the lines of segmentation in MENA region, causes, and their consistency with ...

Compensation strategy of an organization is essential in ensuring a competitive advantage over rivals. In the contemporary business world, companies face increasing pressure to offer high-quality products and services. Compensation strategy is important to employees and employers. Workers often depend on salaries, wages, as well as benefits for income provision. Compensation practices differ in various companies. Managing compensation is a primary mechanism for decisions in the job market. Proper compensation management is crucial in improving organizational performance. Most companies adopt compensation strategies that enable employees to produce high-quality work. Companies such as Baker Hughes have a strategy aligned with ...

Undocumented immigrants have become a popular topic in the United States. When discussing them, there are many concerns surrounding allowing them into the country, how long they will stay, and what their presence here means for legal citizens. One such topic concerns a driver’s license and whether or not undocumented immigrants should be allowed to receive one. Many argue it would be better to allow undocumented immigrants to have a driver’s license, stating receiving a license is of no true consequence today compared to instances when terrorists were able to obtain one. While this may be true, ...

The Women’s Rights Movement arrived at its climax in 1970s and 1980s. However, there is still gender bias against women in the workplace. Discrimination is visible in many ways, including in the areas of wage equality, career progression, and leadership. Furthermore, such discrimination exists all over the world, though the capacity that such discrimination takes varies from country to country. While there has been undoubted progress in achieving gender equality over the decades, the task has not yet been completed. In her article, “The Glass Escalator: Hidden Advantages for Men in the “Female” Professions,” Christine Williams reports on ...

Introduction

The concept of discrimination at the workplace has gone through a significant transformation as societal norms evolved under the pressure of globalization and urbanization, international mobility and access to information. While a lot have changed since the US have accepted equal employment opportunities and freedom of its black population, many will argue that gender and racial discrimination are still deeply embedded in employment relationships (Shen et al, 2009). The point that should be made here is once the first step was done to promote diversity and inclusion in social and business contexts, the society cannot go back and accept ...

A) According to U.S. EEOC (para 2-5), hostile work environment is a situation in the workplace where an employee finds it hard to work due to harassment from other workers in the workplace. This is usually severe and pervasive. Harassment can be in the form of bullying, fondling, and the use of offensive language and remarks. Sexual harassment refers to bullying in the workplace in relation to an individual’s sex. It mostly affects female employees whereby they are coerced to have sexual relations with their colleagues in the work place. Sexual harassment takes the form of physical or ...

The advancement into globalization raises a controversial discussion about political and economic systems. By its nature, globalization implies setting a singular standard in various aspects of society, like politics, economics, technology, regulations, employment, etc. (Tregakis and Brewster, 2006). While convergence towards a common political and economic system is encouraged by structures such as European Union, which weakens trade barriers, the cultural patterns, the timing of industrialization, the nature of the dominant industries, the density of population or the disparity between rich and poor count as factors of divergence (Ashraf and Galor, 2007). As a result, two most common economic ...

Verification and Accuracy

The passport application form filled by Mr. James Doe has several notable mistakes. In essence, a passport application form, and any other form for that matter needs to be correctly filled with all the details correctly indicated. For instance, one is supposed to indicate the full names as they appear in his or her identification documents. However, Mr. Doe has not indicated it like that. He has used initials for one of his other names, which might raise confusion. Apart from that, there are some areas in the form that Mr. Doe has failed to fill. The sex specification, ...

The institutional affiliation

Conflicts in the labor-management relations have been always one of the major topics for discussions in the working environment. No matter what the source of the conflict is, there are certain tactics serving to overcome them. Collective bargaining is considered by many as the most desirable tactic for the conflict solution. It is nothing but negotiations between management and the employees in terms of wages, working hours, unfair corporate policy, working conditions, and/or general duties (Metcalf, 2017). The negotiations require one or several representatives who are leading the process on behalf of the management and the working personnel. Bargaining ...

Corporate policies and Social Responsibilities

I. Our Values and Principles At TechFite, we take pride in our ability to achieve commercial success while at the same time treating our employees, partners, customers and the communities that we work in with honesty, integrity, transparency, and respect. We believe that we can ethically produce value for all stakeholders at home and abroad. To ensure that we are able to accomplish these goals, we have established the following core corporate polices. While we believe that these policies are sufficient to live up to our established corporate culture and environment, hat does not mean that they are unchangeable. ...

History

Abstract Karl Marx observed the large gap between workers’ and serfs’ quality of life compared to the aristocrats running European countries from France to Russia. He theorized that viewing workers as commodities necessary to produce profits was causing deep angry feelings of alienation in the working class. The pamphlet written by Marx and Engel called The Communist Manifesto (1849). Marx’s work grew from Hegel’s theories about alienation in order to apply to society in the decade of the 1840s (Panich & Leys, 1998). Contemporary authors have determined that the feelings of alienation in 1848 were similar to what ...

The current event that will be analyzed in this discussion is the news article entitled “Women, Southerners Most Likely to Earn Minimum Wage” (Soergel, n.p.). The news article offers various important information about the economic significance of having an equal labor treatment. Meaning, not all workers are able to experience some benefits like what others do. Primarily, the news article’s objective is to inform readers about the likelihood of some individuals to earn less than what other employees earn. Additionally, the article wants to persuade the readers in relation to the effects of education towards the future employment ...

Introduction

The wage gap has been a centre of discussion for past few decades and it seems it will remain a highly debatable topic; as the gap between males and females, and white men and females from other races is still persistent. Since 1996, the wage gap has narrowed, but women in the United States are still making only 79 cents for a dollar made by men (Kitroeff, 2016). The gap has narrowed in the last two decades as women have progressed in terms of workplace participation and education (AAUW, n.d.). In terms of races, the wage gap is greater ...

The knowledge in economics encompasses a wide array of topics that involve different economic activities, such as the ones that influence the government in carrying out regulations on gasoline prices as well as imposing a price floor in relation to the minimum wage. In this discussion, different economic scenarios will be presented along with the possible outcomes of each. In addition to the provided situations about the price ceiling for gasoline and price floor for minimum wages, other economic events will be presented, such as the possible gains and losses of international trade and the possible outcome once the ...

Introduction

According to the state’s Fair Pay Act, which aspires to bridge the salary gap between men and women, companies will have to be able to establish they pay both the men and women uniformly for significantly comparable work. The rules have urged businesses to reexamine the way they pay and categorize the personnel. Pay transparency is a basic human right. The section 11 of the Canadian Human Rights Act affirms that it is a biased practice for a business owner to establish or uphold dissimilarities in salaries between male and female workers employed in the identical organization who ...

Management

The nature and scope of strategic management has been fundamentally transformed by neoliberalism. Discuss.

Introduction

It must be brought to light that modifications and changes in the social and political system in the external environment can certainly bring changes in the way businesses and institutions work. This is because the field of management and business is strongly influenced by the changes taking place in the external environment. When political scenario undergoes radical changes and social movements begin to rise, then the way management in business is being carried out also undergoes some form of modification to keep up with the ...

The two major political parties in the United States include the Democratic Party and the Republican Party. The parties originated from the opposition to the strong central government the Federalists established, and represent the interests and needs of the common free Americans. Each party views the role of the government differently. The parties differ on issues, including the tax policy, social issues, labor and trade, and crime and individual liberty. The Republican Party favors diminished government control and regulation, and embraces a laissez-faire approach to social welfare and economic growth. The Democratic Party focuses on a more aggressive posture ...

As Human Resources Manager, Care Concerns Pty Ltd (CC), explain the implications of the level of supply and demand in the labour market in the recruitment and retention of;

Registered Nurses Human resource management (HRM) demands from the manager to keep a keen eye on the demand and supply of its niche market. The equation is very clear regarding GPs and RNs. The demand exceeds the supply for GPs in the 15 facilities of CC, while the opposite is true for RNs. For professional, stable and satisfactory recruitment it is recommended to not just react to the supply and ...

Introduction

Lumenpulse first ventured into business in the year 2006 with its headquarters in Canada. Their main business agenda was to design and manufacture lighting fixtures and related accessories, electronics and technologies for household and industrial interiors and exteriors decors (Lumenpulse, n.d). Over the years, the company has achieved significant growth and quite impressive recognition. To sustain its market share and maximize on its competitive edge, Lumenpulse has resorted into developing and implementing the latest and modest technologies and innovations to enable offer clients long-lasting and above standard lighting fixtures. All this is achievable formulating and executing a sound training ...

Abstract

The creation of a employee benefit plan will be crucial to the start and retention of a business. Providing employees with benefits that are important to them will attract talented individuals, and ensure the business goals and strategies are met. Some of the most significant components of an employee benefit plan include wages, insurance and time off. Each of these components relates to the compensation of an employee, and employee compensation is what attracts, retains and motivates individual employees. Without an adequate plan, a business would not succeed. An employee benefit plan must be comprehensive and requires a plan ...

The recent Brexit vote has brought about a number if tensions associated with membership in the European Union and a common European economic area. It has also put into serious question the European Project started in the post-World War II era. Please argue for or against Britain being a member of the European Union. Be sure to cover five broad areas of disagreement economics (Benefits/ Costs), political (Benefits/ Costs), Labor market (who wins? Who lose), social (costs/ benefits), and issue ofan identify? Britain a second-largest economy after Germany is a member of the European Union, has taken up a ...

Problem Statement

There are a number of reasons, defined by the ethical as well as the economic and the political scenes, for the non-diminishing interest in addressing the gap between the rich and the poor. "The rich get richer and the poor get poorer" is an aphorism, which outlines the major views on economic inequality and the criticism, seen in academic and business literature, towards the philosophy of free market and capitalism in general. One of the principal works, laying the foundation for the discussion, is the work by Thomas Piketty, Capital in the Twenty-First Century (2014), who places the idea ...

It is necessary to consider welfare of employees, their salaries or wages, pensions, benefits, and administration of contracts of employees in accordance with their grievances in order to allow employees to work in most effectual manner. However, this is also essential for ensuring satisfaction of employees. Union movement started in Canada as there was fight for wage cut, workers were discriminated, and labor conflict was increasing because of arrival of immigrants from Ireland, Britain, and Scotland, who became involved in the crowd behavior for protesting alleged injustices of employers. Further, in 1990s, variations in trade agreements, economic system, and ...

Question/Problem Definition

Equal pay is one of the most pertinent issues in labor laws and regulation. Most governments across the globe have institutionalized legislation that aim to safeguard their citizens and ensure that they are well compensated for their talents regardless of their origin, race, gender and other distinguishing characteristics. However, this is not usually the case. In spite of having such laws, the labor market especially the private sector is far from realizing and implementing equal pay. The state is even worse in developing countries where most women employees do not earn even half as much as their male counterparts ...

In his August 2016 article for the Guardian, entitled “How getting more sleep could boost your salary”, Imran Rahman-Jones discusses the findings of a 2015 study on, as the title suggests, the effects of sleep on the ability of people to earn more money (Rahman-Jones, 2016). In the article, which us is clearly intended to health conscious, active workers, Rahman-Jones writes that people who get live in regions that get darker earlier in the day are more likely to earn more than those who live in regions were daylight last longer. According to Rahman-Jones, the reason for this is ...

Introduction

United Healthcare is a working division of the United Health Group, the biggestsole health carrier in the United States of America. United Healthcare serves the health assistancerequirements of individual customers and employers of every size; people age fifty and older through Medicare and other assistive products that fit their exclusive needs; the public wellbeing marketplace, offering states creative Medicaid solutions; American military service members, retirees and their families; and is intensifying in global health care markets.As an identified leader in the fitness and well-being industry, the company strives to (1) Enhance the quality and effectiveness of health care for ...

(Student’s Full Name)

Introduction According to the Associated Press, there were more poor people residing in the state of Washington in 2013 compared to the previous year. This was the case despite the poverty levels remaining steady “across the nation” (Le par. 1). In addition, the United Way has recently revealed in a “comprehensive report” that “1 in 3” Washington households “struggle financially” (Hobbs pars. 1, 22). The experts have arrived at their own conclusions as to why that it is currently the case in the state. However, even though the cause of poverty in Washington State has ...

It has been said that if someone finds a job that he loves, he never actually has to work a day in his life since the job is so enjoyable and rewarding that it hardly feels like work. This idiom resonates with me because I believe that embarking upon my chosen vocation or calling for a tangible portion of my life will be challenging, rewarding, and enjoyable. As determined as I am to pursue the career of my choice, human resources manager, I understand both that I will need help achieving my objectives and that I will need to ...

Introduction/Problem Statement

Despite much hullabaloo on women's equality and empowerment, it is not yet ascertained that the fairer sex is considered as equal when it comes to employment. Four decades after the enactment of Equal Pay Act, research finds that the salary of female bosses runs 35 percent short of their male colleagues. Statistics galore revealing the wage differential across occupations and industries. By contrast, critics on the 'right' opine that the pay gap is just a 'myth' as women deserve to get paid less because they work in less demanding jobs than male counterparts. Obviously, the issue carries much heft ...

A free market economic system is a method of allocating resources, which is based on the market price. Prices are determined through unrestricted competition between the state and privately owned business entities

Command system works best when there are extreme market imperfections and uncontrolled monopolies

A command system works badly when the government control most of the resources and discourage fair competition because it leads to inequalities and poor quality of goods and services. The contest method of resource allocation works efficiently because increased competition ensures fair prices of goods and services. Additionally, the wage rates are high and the quality of products and services improve as various market players strive to ...

Introduction

The Petrochemical industry in the ministry of energy has been focusing on the oil prices change and how it influences the economy. The oil demand comes from the petrochemical industry whereby energy generation helps in manufacturing and production industries. These industries help in economic transformation through improving country’s GDP. As the source of energy, oil in the petrochemical industry has been influenced by inflation and unemployment, interest rates and exchange rate. These factors influence the government spending, hence affecting the importation of oil from the producing countries such as Saudi Arabia. The oil prices as a result of ...

Dan Price read in an article that employee happiness will increase when they are less stressed due to financial problems (Cohen, 2015). The result of this article is that Price publicly declared a planned increase in the compensation income of Gravity Payment employees, which will reach a minimum of $70,000 at the end of three years (Cohen, 2015). The problem with this perception is that it is contradicted by the study of Stevenson and Wolfers (2009, p.33) where the level of employee happiness within the United States will not increase despite an improvement in their income. Other studies ...

1) GNP is equal to the sum of the values of all consumer and investment goods, government purchases, net exports to other countries. The GNP is used for many purposes, but the most important is that it determines the performance of the entire economy. A sharp decrease in the cost of goods and services produced by the economy, that is, a sharp decrease in GDP entails poverty, bankruptcy, failure of banks, the chaos and political turmoil. Gross national product (or GNP) is the most extensive measure of total national output of goods and services. This is the sum of ...

Compensation strategy of an organization plays a pivotal role in determining the success of the company. Moreover, the compensation strategy of a healthcare organization forms the basis of achievement of the overall organization. Compensation includes monetary and non-monetary constituents such as basic salary, health insurance, retirement plans, and performance bonuses. An effective compensation strategy of an organization can make it successful and place it in a better position in the competitive market. Operating budgets of healthcare organization highly depend on total compensations such as cash compensation and other benefits. Human Resources (HR) play a critical role in designing compensation ...

Executive Summary

This paper focuses on how the HP Inc. uses information technology to embrace sustainability in the form of Corporate Social Responsibility. The concept of sustainability is a matter that has gained traction in a variety of industries and sectors over the past two decades. Several nations have articulated policies that are centered on the sustainability, thus using it as a framework to base integrated strategies concerning the environment, the economy as well as the quality of life. The HP Inc. has employed various technologies to maintain an appealing face to its customers both in its domestic market and abroad. ...

Chapter Reading Questions

Discuss the different approaches of the federal government toward the Plains Indians The different approaches that were taken towards the Plains Indians were (1) concentration, which is reducing the areas of land available to the Plains Indians. This would end with the Plains Indians living on reservations. (2) forced assimilation. The Plains Indians were forced to send their children to schools that indoctrinated them against their own heritage. This was done by forcing them to take the names of white people, punishing them for speaking their language, and making them dress and act like white children. They were also ...

The term liberal refers to the process of supporting proposals for reforms, opening up to new ideas in pursuit of progress, and being accommodative of people’s ideas and behaviours, which can simply be regarded as being broad-minded. Classical liberalism, on the other hand, has been described as the notion that government engagement in matters of the economy within the marketplace does not serve to promote growth. In that, the market alone can be depended upon to regulate the economy by seeing to it that effective business people prosper while ineffective business people sublime. Therefore, the law of demand ...

Avoiding or engaging in Strike

Assuming the minimum labor wage stands at $7.25 and each employee works 10 hours a day for 25 days a month. This would mean that at least each employee earns a minimum wage of ($7.25 ×10 ×25) = $1812.5 per month. However, in a negotiated labor minimum wage increase of 80 percent negotiated at 40 percent, but at least 10 percent below competitors, it would mean that the company would arrive at a 30% wage increase; this would be 30% of 1812.5. Therefore the labor wage increase would be $543.75 per month; this means that the company would have saved ...

Slavery as an institution takes various forms and it spans numerous centuries. The compatibility of slavery with different economic systems is evident from a simple analysis of the existing economic systems. The narrative of rise and fall of slavery have been used to depict the development of the modern capitalism. By looking at various aspects of a capitalist economy, it is apparent that slavery has major contributions to the success of the modern capitalists. Great differences in economic power, competitive ability, production efficiency, cultural orientation, and political powers exist between the capitalists and the wage earners. Karl Marx described ...

Introduction

Business organization has a central goal of profit maximization and increase in their productivity at the least possible cost. As a result, employers oftentimes tend to do everything it takes to get what they want. This includes subjecting employees to undue work pressure and probably denying them of certain benefits. Too often than not, this creates an unrest and conflict in the workplace which in turn affects the productivity of the employees. This is where labor unions, also known as trade unions come in the workplace environment. The sole purpose of labor unions is to act as a middleman ...

7. Objectives Product/Service: Bring the menu up to 4.8 score in the next three months.

Pricing: Formulate a plan to make portion sizes proportionate to price without comprising on quality. Pricing: Review the current list of ingredients that are regularly used and identify means to reduce cost. This should be done in the next 60 days. Place: With the help of an interior fit-out firm, review the layout of the restaurant and determine whether an open kitchen/grill/mini-prep station can be installed in a place where patrons can see the cooks in action. Set up meeting in the next 14 ...

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

President Barrack Obama recently proposed to increase the minimum wage to $9 an hour so as to ensure a decent living for the working class. On one hand, some liberals view the idea as beneficial to the working class that they want the increase to be $15 an hour. On the other hand, most conservatives have opposed the idea with some wanting to repeal the minimum wage entirely. The increase in the minimum wage to $9 an hour is modest and is beneficial to the nation as it strengthens the middle class which in turn leads to a stronger ...

Question 1.

As the production will increase, the supply curve will shift to the right, therefore the equilibrium price will decrease, (Figure 1): Figure 1. The increase in production on the mango market Thus, as the quantity of production has increased by 30 % from Q0 to Q1, the supply curve shifts from S0 to S1 and the equilibrium price decreases from P0 to P1.

Question 2.

In agriculture, the term bumper harvest means the unusually high production of a crop. Though some politicians might claim that this benefits the farmers, actually that is not exactly so. Firstly, with the increased production the ...

Discussion Board Posts

Main post starting a thread: The Intersection of Poverty Discourses by Debra Henderson and Anne Tickamayer. Honest and open discussions on how racism, stereotyping and other forms of prejudice impact the lives of the poor are necessary in order to overcome the society’s resistance in assisting the categories of poor people labeled as ‘undeserving’, and in order to create more opportunities for these people to secure jobs, complete their education and to become self-sufficient. In their article, “The Intersection of Poverty Discourses”, Debra Henderson and Anne Tickmayer discuss the notions of deserving and undeserving poor. The undeserving poor, ...

Currency is valueless, and it is all about the confidence of the people in it. Since the start of the economic crisis in 2007, the Federal Reserve has juxtapositionaly employed conventional and non-conventional monetary policies to caution the effects of such crisis on economic activities and stabilize the financial market. Price stability and maximum employment were necessary for the nation and the world that uses the US dollar as the standard. To achieve this, the Federal Reserve turned to Large Scale Asset Purchases. Although the ends of all the policies formulated are the same, ambiguity shrouds the means to ...