Essays on Wages

Intellectual property refers to the works or inventions that are as a result of creativity, including a manuscript or a design, to which one has exclusive rights or for which one may apply for a patent, trademark or copyright. If a person or organization registers their original works such as inventions, ideas, innovations, writings and artistic performances among many others, with the relevant government and they own the exclusive rights for a particular period of time, this is referred to as intellectual property.

Intellectual property has become a major issue in recent rounds of international trade negotiations because of a number of factors. One, the costs ...

Impulsive Behavior Among Teenagers

Teenagers behave erratically when a massive transformation triggered by the sudden bout of hormonal changes takes place in their body and minds. They often contradict their actions. A teenager may secure top scores in school and be the best at whatever she or he does, but the same teenager might show a complete irresponsible behavior by taking things like not driving while drunk or not texting while driving casually and ends up in an accident. It often makes adults wonder how come teenagers who apparently seem to be responsible, smart and accomplished in their behavior could be so irresponsible and reckless ...

The issue of immigration has been a real challenge for the American policy makers for over a century with most of the laws passed before to control it mainly failing because of the antagonism between the two parties; the Democrats and the Republicans. The republicans have a view that the immigrants are a burden to the united states’ economy because the have to be housed, be provided with the basic needs like education and more importantly the have pushed many Americans out of jobs because many of the companies are choosing to hire them for 7 dollars or less an hour, a price that ...

Inflation is the continuous increase in the general price levels of commodities in the economy over a period. It is identified with the market fall of the value of money in a particular economy. This recurring price increase erodes the purchasing power of money creating economic distortions and uncertainty (Sargent 2002). Inflation may also be described as a sudden increase in supply of money in a given economy. This results to each unit of currency buying fewer commodities thus a reduction in the purchasing power per unit of money. It can also be viewed as an increase in the supply of money at a rate ...

Annotated Bibliography: The Impact of Employee Training on the success or failure of Small Business in First Years of Operations

Dearden, L., Reed, H., & Van Reenen, J. (2010). The Impact of Training on Productivity and Wages: Evidence from British Panel Data*. Oxford Bulletin of economics and statistics, 68(4), 397-421.

The research incorporated in this article served to establish the effects of training programs on the organization’s productivity. From the results, increased employee training programs and wage reflected an increase in the aggregate productivity.

Kotey, B., & Folker, C. (2011). Employee training in SMEs: Effect of size and firm type— Family and nonfamily. Journal of Small Business Management, 45(2), 214-238. DOI: 10.1111/j.1540-627X.2010.00210.x The ...

Yes. My opinion is that third world immigration is a threat to ``America’s way of life”. My reasoning is linked to the fact that the immigrants impact negatively on the social and economical way of living in America. For instance, we find that the immigrants from ``third world “are very fertile thus end up giving birth to many children thus impacting negatively on the economy because the government has to raise its budget to cater for the large number of children. An increase of the budget is linked to the fact that basic education is compulsory in the United ...

Management and Leadership

Part 1: Theory and reviewSection 1: Introduction There are two major views regarding contemporary management and leadership. The first is the personality perspective. In this perspective, the major influence of the leader is shaped by his power to influence other individuals towards achieving some goals. Therefore, the leader uses special traits that serve as bait and amalgamation for these individuals to work towards some common objectives. The other view is the behavioral aspect. In this case, the leader selects some tools that are directive, participative, and achievement oriented. The basis for selecting these tools is the needs of ...

National Recovery Act Invigorates the Working Man

President Franklin Delano Roosevelt’s Fireside Chat on July 24, 1993 introduced working class Americans to the general purpose of the National Recovery Act (NRA). During his Chat, he promised us “the codes and the agreements already approved, or about to be passed upon, prove that the plan does raise wages, and that it does put people back to work” (Roosevelt 1933). Since July, this great stride for the American worker has improved our wages, working hours, and standard of living. Before the advent of the NRA, Americans were ready for change, any change to halt the downward spiral ...

- Discuss the case in terms of the attitudes and beliefs of the managers and workers. Pay particular attention to issues related to satisfaction and organizational commitment.

The case is a perfect example which portrays the intricate relationships of the persons of a factory which govern the production and work. The proprietor of the company, J.K. Roberts had kept an amiable relationship with his employees and that came across as a positive thing for all the workers. The company had been seeing good growth until the recent times when it was faced with competition which ...

Question#1

The null hypothesis is a hypothesis, which is checked for consistency with the existing sampling (empirical) data. Often used as a null hypothesis act hypothesis of no relationship or correlation between the studied variables, no differences (homogeneity) of the distributions (or parameters of distributions) of two and / or more samples. The standard scientific approach for testing hypotheses the researcher attempts to show the failure of the null hypothesis of its inconsistency with the available experimental data, that is, to reject the hypothesis. This implies that there must be adopted another, alternative (competing), excluding the zero hypothesis. Used in the statistical ...

The Importance of Pay in Employee Motivation: Discrepancies between What People Say and What They Do? by Sara L. Rynes, Berry Gerhart, and Kathleen A. Minette

Thesis Statement

This paper states that there are many motivators for workers and the most important one is money paid to the workers. The articles in the human resources journals prepared for mostly for human resources professionals claim that the money paid to the workers as a motivator is exaggerated and other motivators also should be taken into account. This paper claims that the HR professionals underestimate the power of the money paid to ...

INTRODUCTION

Over years, many nursing homes have been victims of the fall incidence, making the geriatric long term-care care population at risk. Falls among nursing facilities has gone overboard, as they take place frequently, and repeatedly. For example, nearly 1800 older people staying in nursing homes die annually from fall and other fall related problems, while those who survive these falls, normally incur body fractures such as hip and head, resulting to reduced life quality and permanent disability. This issue has turned out to be a big problem to many nursing homes, thus the need to come up with real time ...

A developed country is known by the growth and the level of its economy. Economy of the United States is the world's largest single national economy. The United States' nominal GDP was estimated to be $17.1 trillion in December 2013. Budget deficit affects the taxpayers to a great extent this is because government spending exceeds all the revenue. This forces United States government to increase taxes on the taxpayers. The deficit affects taxpayers forcing them to dig deep into their pockets to increase government revenue. This will, therefore, enable the government plan for its appropriated financial activities. The government will ...

Issues currently affecting the modern day sales executive within the retail sales industry

Purpose: Informative Theme: Challenges facing consumers within the retail sales industry

Introduction

Have you ever asked yourself why the consumer is considered “the king?” He supports the company’s operations by consuming the products. However, this financier usually goes through a multiplicity of challenges. Like the Chinese proverb states, “customers are jade; merchandise is grass.” However, I wish to state categorically challenges facing consumers might in future hinder the organization from achieving its future goals. Seat back and allow me take you through some of the challenges facing consumers within the retail sales industry. After the presentation, ...

Organization Development of Healthcare

Introduction Hawthorne effect refers to some studies performed to show how training impacts on employee productivity at work. Comprehensive studies showed that sending employees for training tends to motivate them to work harder. This is because the employees consider themselves as long term investments of the organization. According to Hawthorne effect workers perform better if they are constantly being evaluated. Supervising the employees ensures that they are constantly focused on their work hence increasing their productivity. Evaluation increases employee motivation as it also involves the harmonization of salaries. Employee motivation will in turn increase productivity as employees. This ...

ARTICLE ANALYSIS

The article gives a detailed picture of the level of poverty in the United States. It depicts that almost ninety eight million (97.3) Americans fall in the category where they earn low income. These are in the category of earning from one hundred to two hundred (100-200) percentage of the poverty level. An extra forty nine million find themselves in the category of low-income earners. This gives one hundred and forty six (146.4) million, which is equivalent to forty-eight percent of the total American population. The figure has risen by four million in duration of three years. In the compiling ...

1. Describe the pros and cons of government legislation on issues of employment and give some specific examples of employment law.

There are various employment laws in place in USA such as at-will employment, minimum wage for employees and title VII. At-will employment policy gives the employer the right to hire and fire employees at will without any legal liability at any time without any reason or for a petty reason, excluding an illegal one (NSCL). This policy also gives employees the privilege to quit the job at any time without notice or within a short notice of 7-15 days depending on the agreement between employers and employees. Employees can also bargain for a raise if they get a better offer. This policy allows ...

Wage also known as salary is the amount of pay that an individual receives upon successful completion of a task or service. This salary that he individual gets is received as reimbursement for his or her efforts. There may be also entitled to certain benefits such as sick leaves, accommodation allowance, paid travel expenses that are known as fringe benefits.

There are basically two kinds of wages that employees are entitled to. The first is money wages also known as nominal wages that are paid to persons based on the agreement that was agreed between them and the employer ...

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

The paper by political economist Robert Reich, accessibly titled “Why the rich are getting richer, and the poor, poorer”, traces the causes, consequences and effects of rising socio-economic inequality. The paper is focused on mainly examining socio-economic inequality in advanced economies (chiefly the United States), with developing countries mentioned only as far as they play a role in the rising inequality in advanced countries. Reich points out that the main cause of the rising inequality is the increasing valuation of one’s position in industry based on one’s function. The paper tracks the rise and decline of three forms ...

There has been a rapid advancement in robotics and computer technological breakthroughs over the recent years. As a result, there has been an increased application of robots in almost every aspect of human life such as in industrial manufacturing, in science, agriculture and medicine. Robots in several applications have the potential of performing tasks that can be done by hundreds or thousands of people (Konczal). The application of robots has resulted in both positive and negative impacts on the economy. The increased application of robots in the economy plays a significant negative role as this contributes to the displacement of workers resulting ...

1. Some hyper-globalizers claim we live in a borderless world where states don’t matter. Critique this claim by providing specific examples of the role of state in the context of globalization.

While globalization is incredibly powerful because the borderless world allows for the transfer of jobs, resources to be extracted and mobile individuals to access markets overseas, the role of the state is more important than ever. Amartya Sen's essay "Globalization, Inequality and Global Protest" makes the argument that a globalized world seeks a workforce that is educated, in good health and relatively “free” in order to maximize opportunities for ...

The following case study corresponds to an analysis of the known facts going around the Swiss Franc and the effects it has from the point of view of investors, managers, employees, manufacturers and tourists. In order to show this breakdown, the next set of questions will be answered accordingly.

- Why is the Swiss Franc a “haven currency” according to many international investors?

For international investors, the Swiss Franc represents a “haven currency”, thanks to its ability to protect capital and revenues since it ...

Introduction

The article reviews the financial and economic benefits acquired by the community and employees of Lincolnshire cooperatives since its establishment in the region. It emphasizes on the strenuous economic status of the members of the cooperatives who have benefited in different ways from the existence of the cooperative. Members receive dividends, and bonus offers are given when they purchase local products. This has been used as a motivation strategy to increase their purchase of local products thus developing the region. The bonus can be termed as a payment for their royalty to their own goods.

The employees of the cooperative ...

Introduction

The jungle was written in the year 1906 by an American journalist and novelist by the name Upton Sinclair. The author wrote this novel to be able to portray the lives that immigrants lived in the United States especially Chicago and other similar industrialized cities .Most of his readers were mainly concerned with his exposure to especially health violations and unsanitary practices that had for a long time been in the American meat packing industry. This was during the 20th century when he did this investigation for a socialist newspaper. The book also tries to depict about the working ...

The article by Ike Brannon and Chris Edwards (2009) analyses and criticizes the federal government’s intentions to execute a fiscal stimulus plan to inject $800 billion into the U.S. economy to fuel economic growth. This plan positioned Barack Obama and the key policymakers as the modern representatives of the Keynesian economic views, which appear to be highly controversial from the viewpoint of history and modern economic theory.

The founder of this movement, John Maynard Keynes, actively pushed it in the 1930s. His key ideas implied that massive financial inflows from the government could fuel economic growth through reduction of ...

Chapter one

In his book Working Class-New York, Joshua Benjamin Freeman draws the labor movements and way of life after the Second World War. The Book revolves around a sweeping history of the New York City. After the World War, the model city carved out an equitable and idealistic path to the future. Through the combined efforts of the working class, the city becomes the model city of the liberal America. Although the Second World War conferred many benefits to the city, the city had an equal measure of troubles too. Benjamin Freeman illustrates how the events of World War impacted on ...

Role of Federal Reserve

In the past few years, the Federal Reserve has come under increased scrutiny due to the financial crisis of 2007 – 2009. It has been criticized for lowering the interest rates, which resulted in cheaper mortgages, and thereby precipitating into a full blown financial crisis. Further, it has also been criticized for transforming itself into an investment vehicle, due to its role in quantitative easing, even though it helped in financial recovery. Historically, it has been Federal Reserve’s dual mandate to maintain the stability of prices and employment. That it does by varying its federal funds target, by ...

The progressive era is a historical period of political and economic reforms from 1900 to 1918, which transformed the American society. The various movements during the Progressive era focused on major areas, such as equality, individual rights, economic justice and many others. In the gilded age, there was inequality in many segments of the American society, such as the African Americans, women and immigrants. Advocates of the Democratic Party, Republican Party and members of the third parties focused on specific issues of the country and developed various political, social and economic reforms, which have been influencing the American society until ...

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

Objective 1:

i) Aggregate demand shows demand for real GDP by all the people in an economy, which they are willing and able to buy at different possible prices at a given point of time, holding other factors constant. The aggregate demand curve is downward sloping and shows an inverse relationship between price level and real GDP. Following is the explanation for downward sloping demand curve, which is very much different from income and substitution effects of demand of a single product:

1) Interest Rate Effects: When price levels increases in the economy, businesses and industries, have to borrow additional funds to ...

The USA is a Classless Society The myth of America is a classless society as identified by Karl Max can be supported by the elements of reality in the country. The ruling of the capitalist class in the American society prescribes the control and ownership of the class. Mark refers to this as means of production that mentions the factories, forms of transport and mines that produces goods and services. However, the working class does not control, or individual production means and sells their ability to labour for wages to pay for rent food and so on (Leondar-Wright & Yeskel, 2007). ...

Introduction

The AS-AD framework is a very useful economy tool, which reduces the economy into a simple model of supply and demand. The aggregate demand curve (AD) is given by the summation of consumption (C), investments (I), government purchases (G) and net exports (X-M). On the other hand, the supply curve is a function of the expected price levels. This paper uses the AS-AD model to analyse the economy at various levels of employment, and the adjustments that accompany movement various policy actions. It begins with a depiction of an economy operating at less than full employment, showing that economies often tend towards the ...

Question 1

A deferred benefit retirement plan is one which involves the submission of contributions by the employer to a kitty set aside to benefit the employee upon retirement. This plan is an works by the logic of the employer holding back some of the earnings made by the employee and holding them in trust on their behalf. A traditional approach to the defined benefits plan is one where workers accrue a promise of monthly remuneration starting the day of their retirement up to their the date of their death. Some plans cover both the employee and their spouses and as such the ...

Employees enjoy better satisfaction, greater quantity and quality of their output from their job environment and less absenteeism when they feel valued and genuinely recognized for their efforts. Motivation programs help employees’ understanding of their input in fulfilling the duty of the team to the organization. Motivation plans can also aid in attracting and retaining top value staff. Elements that play a key role in motivation vary from an individual to another. They include challenging work, recognition, employee participation, job security and good compensation.

Due to the complication of the human and the associates’ aspects of motivation, many experts over ...

Introduction

The report includes a speculative summary which is highly rendered by the project submitter. The report includes the rules and exemption to work with an accommodated job in United Kingdom. The summary and the report includes the rules and regulations which are necessary as per working in the UK company, and it also discuss about the Tax redemption charges as per the incomes basis of an individual. The report even includes the taxation of any employee working in a UK based company. The rules and regulations are also jotted down to make the project analyst know about the main factual finding ...

Abstract:

At the end of an interesting series of lectures like these, one is usually left wondering: Why did the lectures have to come to an end? How shall I make sure that the lessons I learnt in the lectures remain vivid in my mind? Are there ways of inculcating this in real life situations? The lessons are supposed to be internalised so that they leave an indelible mark in the life of the student. In the series of lectures, we have been studying values, ethics and sustainability. But the question is, what are these? Do they exist in reality ...

Introduction

This paper has a sole aim to connect the features of a good training program in relation to other factors like the returns on investment and budgetary considerations in a profit maximizing business. The paper presents that a good training is conscious of the budget, the returns and has its focus on improving productivity and output of the employee base. Through researching on existing literature, this paper will aim to get a better clarification and understanding of the impact good training has on both the employee benefits and the company’s long run agenda.

Budgetary Considerations

Training bears various considerable influences on the finances of the ...

Part 1

- In what ways did the video "The Crisis of Credit" demonstrate the failure of the banking industry's Fiduciary Relationship to investors and home owners?

The video explains a worldwide financial disaster that effected everyone. It started on the burst of the dot com bubble when the federal reserve of the United States decreased the interest rate to 1%. This value dramatically dropped the investment level because of the reduced ROI. This action made banks to take more and more loans from the Federal Reserve. The leverage increased as it became very easy to return a loan, so the demand for credit increased rapidly.

The banks took a lot of credit, and they were easily able to payback and made a lot of profits. Investors saw this as ...

Question 1

The strike at the Lawrence textile which occurred in 1912 involved immigrant employees in Lawrence. The strike occurred after the mill owners threatened to cut wages of its workers after a reduction of working hours which shortened the work. Therefore, I think Volse is the account of the1912 Lawrence Strike that I find most credible and compelling. This is so because account gives detailed information on the 1912 Lawrence strike by explaining all the participants of the strike, including the owner of the mill. This account gives full information about the cause of the strike, what happened during and after ...

Application

Marx’s theory of alienation has been applied even in modern colleges. In colleges and universities, there are accumulating debts for the students. The money given to students is like a vehicle that depreciates with time. These debts are accumulating with interests that must be repaid at the end of graduation. Paying back the loans over a long period and out of low income can rule out possibilities of making other financial investments. Students leave these schools in worse financial shape than they were before they enrolled. This makes them financially alienated and they suffer alienation from the society. This debt ...

Migrating from the home country to another country is often a stressful process for many individuals, but if seen with a positive attitude, immigration plays a major role to invest the skills and talents of an individual in the right place. One of the main reasons for immigration is poverty, which is common in the third world countries such as the African and a few Asian countries . People are forced to leave home in search of good job opportunities that pay higher wages so that the economic condition of the families is improved. I want to migrate to one of the most economically strong ...

Unionization is defined as the “process of organizing the employees of a company into a labor union which will act as an intermediary between the employees of the company and its management” (BusinessDictionary.com, 2014). When a group of people lobbies for unionization, first, they must be considered as employees of the company where they would want the labor union formed. Just recently, the Northwestern University Football team won their bid to be unionized. It is agreed that student-players should be considered as employees and be allowed to vote to be unionized. This essay discusses several points to justify this argument.

In ...

The industrial revolution, which started in England in the eighteenth century, resulted in the replacement of human labor by machines with the sole purpose of increasing the productivity of the goods. The industrial revolution transformed technology to a great extent, leaving behind several negative impacts in spite of the development in technology. The living condition of the workers working in the newly built industries became worse day by day. The workers were forced to move to areas where the factories and industries were established as a result of the industrial revolution. The factory owners forced the workers to run dangerous machines ...

The state where an individual or community lacks certain amount of money or the material possessions is described as poverty. On the other hand, absolute poverty or the destitution defines the deprivation of the essential basic needs by human beings including water, food, shelter, sanitation, clothing, education and healthcare. In addition to that, the relative poverty was described as the poverty affecting the economy or contextually seen as the economic inequality in the society or location where people live.

The group to be supported was low incoming families in the central urban areas. The proposal was on the general ...

Thesis

This paper is on Civil Works Administration program of New Deal and its purpose. Also, uncover points such as who was CWA (Civil Works Administration program) supposed to help and how successful it was in accomplishment of its goals.

- What was Civil Works Administration? What was its purpose?

On 9th November 1933 CWA (Civil Works Administration) was created. While other plans like FERA were on planning phase, CWA was passed by the government for critical winter of 1933-34 to carry the nation pass it. It mainly planned to get unemployed population of 4 million for the winter. Local ...

Over the years there has been a great nursing shortage or rather a great demand for nursing professionals which surpasses the current supply locally, nationally or globally. This is backed by national surveys from the Bureau of the Census, National Council of State Boards of Nursing, American Hospital Association and Centers for Medicare and Medicaid Services. It is notable that the nursing service or profession is well diversified in order to meet a wide spectrum of health and needs. In the US there are core types of nurses Licensed Practical nurses or LPNs, Registered Nurses or RNs and Advanced practice registered nurses ( ...

1. Putting in place a more effective ethics programs and a more viable code of conduct could have helped Nike alleviate some of the ethical issues faced by the company. Effective ethics program helps an organization “foster ethical decision making in business” Ferrell, Fraedrick & Ferrell, 2011, p.216). A more effective ethics program and a more viable code of conduct can help the firm evade legal problems because ethics program and code of conduct can help identify and prevent misconduct in an organization (Ferrell, Fraedrich, & Ferrell, 2011). Additionally, a strong code of conduct offers real value to a company. Nike must have a more ...

A financial reporting system refers to an established system of presenting an organization’s financial data, its operating performance and its flow of funds for a given accounting period. This system is guided by a set of accounting standards that dictate how particular transactions are reported in financial statements (Miller and Bahnson, 2002). The major components of financial reporting systems are the balance sheet, income statement, statement of retained earnings and statement of cash flow.

An operation budget is essentially an estimation of operations costs. The management can use this type of budget to measure variances with the actual operation costs ...

Compensations and benefits are factors that are offered in an organization for their employees. These payments strategies have been adopted by organizations so as to look out for employees’ well-being. It is important to know that the compensation managers are responsible to ensure that employees receive their wages for their hard work. On the other hand, benefit managers make sure that employees are rewarded for their work in terms of health insurance, retirement plans and other benefits. This paper will discuss some of the mandatory and voluntary compensation and benefits in an organization and why it is considered an ...

Introduction

In the year 1972, Nike was established by Phil Knight and Bill Bowernman. Currently Nike has emerged to be one of those global companies targeted by a broad range of campaigning non-governments as a symbolic representation of the business in society. Nike has established a forum, which is a well-developed focus of being responsible in improving condition in contracted factories (May, Cheney, & Roper, 2007). Nike aim for carbon neutrality as well as making sports available to young people across the world.

Question 1

Nike has experience many legal issues in its lifetime. Nike has long been accused of many allegations. For instance uses sweatshops ...

8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

World War I and World War II were a global conflict that left scores of people dead across the world. The First World War occurred between the years 1914-1918. World War II broke two decades later which started in the year 1939-1940. The second war had more devastating results than the first one. The world became politically and economically unstable. The war took more lives and destroyed property and land. The years that immediately followed World War I and World War II was a time of both expansion and contraction of individual freedom. This contradiction played out in the lives of ...

- How did Gardner's actions match the description that Murray Rothbard gives to entrepreneurs and entrepreneurship?

Gardner is truly an entrepreneur. Professor Murray Rothbard describes an entrepreneur or a “capitalist-entrepreneur” as the person that invests in land and/or capital goods and uses these factors of production in the present for producing goods and services that will be sold in the future. The entrepreneur makes a profit if the rate of return he gets from this economic activity is greater than the prevailing general interest rates. This is brought about by his realization that capital or capital goods is “ ...

Abstract

This study focuses on how education and the level of unemployment are related. In our daily activities, education has proved to be inevitable. Most of the knowledge acquired by people comes as a result of having education. Education is known to solve many problems in the world. That is one of the major reasons why it is treasured as a basic commodity in our daily activities. Education may be in two forms: formal and informal. These two types are distinct since they involve different methods of teaching. Formal education may involve going to modern schools in order to attain quality education. ...

John Maynard Keynes (5th June 1883-21st April 1946) was one of the founders of modern macroeconomics. He was a British Economist, and he was in the Keynesian economics school of thought. His main contribution towards macro economics was the formulation of the Theory of Employment. His theory of employment opposed what the Classical Economists proposed.

In the theory of Employment, Keynes argues that the main cause for unemployment was insufficient expenditure in investment. Keynes argues that unemployment is as a result of rigidity in wages. The low demand for output and workers to perform a job causes involuntary unemployment. The classical economist ...

Question One

- You should then summarize, in a short paragraph, which parts of the business you need to strengthen.

The business needs to strengthen its use of the website. They should try to make it an easy method of selling directly to customers. This will enable it to compete with their competitors in a better way. People love to visit the business -a business heritage-, however, it is costly to maintain and thus they need to break away from it. In addition, the business needs to uses technologically advanced production methods since, it still uses labour intensive methods of production. The business ...

Question one

The specific occupation I was searching from the O*NET website is that of mental health counselors. It was relatively easy to find the occupation because of the clear instructions given by the website. The website has comprehensive information that can be used to lead the researcher to the occupation of interest without any problems. The steps given are also clear, and there can be no confusion because the options are well labeled. From the O*NET Online link, I traced the Next Move button, entered the occupation I needed (psychology), and then selected the browse button. There was a ...

Executive Summary

The Family Affair Salon and Spa is a novel and profitable salon that is going to be service oriented. Services offered will include the latest hair services, for instance, perms, shampoo, curling, conditioning and trendy hairstyles, and cuts. Additionally, the salon will provide cosmetic services like facials, wax treatments, and pedicures. Target clients, as the name suggest will include the family. Focus is on the upper and middle class groups as the target market. This will mainly be young adults in college and school aged children. The salon will also offer private rooms for one-on-one private sessions with clients. ...

Genesis - Schultz’s leadership model

Great leaders usually have certain characteristics that make them special. For any organization to be successful, then they should have great leaders with special characteristics. This research will evaluate the leadership of Howard Schultz whom I believe is a leader who possesses the characteristics of a good leader.

According to leadership theories, a good leader takes care of the other employees’ needs. They should help the other employees to work through activities such as delegation (Michael, 1). In addition, the leaders should allow employees to give their ideas that can assist the organization. Howard Schultz reports that good leadership involves observation of ...