...Chapter 3 Analysis ………………………………………………7 Chapter 4 Conclusion …………………………………………...10 References …………………………………………………………..12 Abstract This paper discusses some of the additional effects raising the minimum wage income has on society. The United States low wage workers, namely the fast food industry workers are currently demanding higher wages. We will discuss the effect of those higher wages to businesses, the workers and those who we would not think to be affected. Effects of Minimum Wage Increases Chapter 1 Introduction Anyone who watches the local or national news has heard of the recent debate over raising the nation’s minimum wage requirements. Employees of McDonald’s, Wendy’s and Burger King are protesting in the streets and going on strike demanding a $15 per hour minimum wage (Fast Food Workers). These restaurant chains and others do not believe the minimum wage should be raised to $15 per hour for fast-food workers. There are many arguments to support both the demand to raise the minimum wage and not to raise the minimum wage. This paper will focus on different arguments and the impacts of raising the minimum wage will have on society from different angles, the first being how employers may respond to the wage increase by reducing the amount of employees they employ. The second focuses on who the mandated increase will most likely impact. And the third and final being the artificial inflation effects on the consumer. History Raising the minimum wage...
Words: 2140 - Pages: 9
...that would benefit from this type of human resource management would be fast food industries. It allows people who may not have graduated in the top of their class and who may not have had the best GPA in school to still qualify to enter the company with a degree. They can show off their good work ethic and dedication by starting off at the bottom and working their way to the top. Having said that, job loyalty is greatly promoted in industries that perform in this way. 2. Does Enterprise face any risks from its HR strategy? b. Of course Enterprise faces risks from its HR strategy, as well as any other industry hiring brand new employees. There is always the struggle of teaching new employees the rules and strategies of the industry they are working for. They have to go through a training session to tell them what is expected of them and how they should go about doing their job. One good thing to note about Enterprise’s HR strategy is that they like to hire former athletes and former people who have been in a club of some sort so that they at least know they are hiring someone who has been dedicated to something at some point, and hopefully they can be just as dedicated to their job. 3. Would you want to work for Enterprise? Why or why not? c. Personally, I wouldn’t see myself working for Enterprise. Knowing I went to school and took the time to earn my degree, as well as spending money in the process, I can’t see myself wasting what I earned on cleaning cars...
Words: 4563 - Pages: 19
...transcends their limitations nowadays. They juggle time in working, education, and social life. For what reason that is, well, they do this in order to be able to pay up for education expenses. Some others just do this to earn a little extra spending money, for them to be able to buy something which they want to avail without them begging their parents for it. Basically, part time work is their only choice to get that money they need if they do not have student loans offered at their university. Some students need to pay up for rent, tuition, and etc. Working part time gives them the money and the thought of realizing how important it is. They are also provided with the thought of handling their responsibilities very well if they work part time during college days. Indeed, working while studying can be tough to handle. It forces you to manage your time and your responsibilities. Sometimes, it makes you choose between the two. Students today tend to sacrifice their time for social life to earn some extra spending cash. They end up being way too busy to have a social life. They don’t even have enough time to sleep which affects their daily performance at school. They juggle these responsibilities for a few income or profit. They do all of that for money. Introduction First of all, when...
Words: 2177 - Pages: 9
...causation between them. According to the principle of tort law, article 1:101 of European Principle of Tort Law, (the strict liability) as soon as the victim proved that he suffers a damage, it’s needed to have compensation. Is there a damage ? Peter has collided and had to be took to the emergency. Based on article 2:102 (2) of European Principle of Tort Law, a bodily integrity enjoys the most extensive protection. If no serious hurt had been seen, we can assume that it exists a little traumatism or maybe a light physical damage and therefore this is a bodily damage. A damage exists, so the victim, Peter, doesn’t have to prove a fault, according to the strict liability principle. We need to identify the fact. By driving too fast, with the flashing lights, with the bell sounding, the fireman put a pressure on Peter who panicked and by trying to make room for the fireman, he collided with a lamp post. Are the fact and the damage in relation ? To identify the factual causes, we utilize the “but for test” (condition sine qua non – article 3:101 of EPTL) : it shows that because of this event, the damage occurs. A contrario, without this event the damage would have not occurred. Would Peter have collided a lamp post if he would have not been under pressure of the fireman speed? According to the facts, there were lights flashing, bell sounding, Peter was followed by a fire...
Words: 2588 - Pages: 11
...Schlosser’s novel, Fast Food Nation, has shed light on how food manufacturing standards and American consumption have transformed since World War II. Schlosser illustrates this revolution by following numerous groups in association with the fast food industry: various fast food employees and lucrative executives at fast food corporations; major farming and ranching businesses; employees at meat-packing factories; potato farmers and ranchers in Colorado and its contiguous areas; and food scientists who are entrusted with developing innovative “natural” flavors for fast food products. Through the various investigative accounts that Schlosser exemplifies, Fast Food Nation brings attention to the varying unethical principles that the fast...
Words: 1587 - Pages: 7
...AGGRESSIVE FUNDS There has been significant research in the area Aggressive funds and the effects. Few of them are enumerated as follows. • Kate Burgess(2006) in her independent study of shareholder activism has founded out that investment funds that aggressively push for change at companies substantially outperform stock market indices. • Dave Ramsey suggests that if you've been saving money, trying to get out of debt, investing in mutual funds. • Dave Ramsey urges investors to hold 4 mutual funds in their one Growth fund, one Growth & Income fund, one Aggressive Growth fund and one International fund. • Fidelity.com has given 3 tips for the investors suggesting ways to invest in Aggressive Funds. People who are young for Example in their 20’s and 30’s can invest in Aggressive Funds. This is because they can handle any loss if made because they will be earning in their entire life ahead. People who are in 50’s wont be willing to take much risk as they will be looking for security at the end of their working years and are looking for retirement. Young people are dynamic, enthusiastic and willing to take funds. The second tip it gives is that invest more when you are earning as the benefits will be compounding. The third tip it gives is that you need to make a strategy while investing. Take help from the rating firms to know about the rating of the stocks and their growth and the return and risk involved. • Upgrader funds.com (2011) has given 6 advises for investing...
Words: 1376 - Pages: 6
...Have you ever thought about why you are addicted to a certain type of food or treat? Most Americans in the United States are addicted to many types of fast food or restaurants, and if you are to, don’t worry it’s not your fault. So this gets us to the main question. How do fast food marketers target children? According to an important source called “the myth of choice: how junk food marketers target our children” fast food managers or marketers target children like me and you by placing ads about “delicious” fast food companies like McDonalds. Think of this, every time you see a fast food restaurant commercial on television, the food on the commercial looks super good. This is how the grab your attention and make you buy the product they sell....
Words: 368 - Pages: 2
...from too many fast food restaurants, like McDonald and other places where you get food, very cheap and in a matter of no time. The problem is that most children and teenagers use their money on fast food, and skip the healthy meal, made from scratch at home. But in some homes parent don’t do anything to give their children a healthy meal, they are either too lazy or too busy. This results in the first place that the children get used to food from outside, and second obesity. Obesity in itself is very dangerous and can bring a lot of illnesses along with it, like heart diseases and diabetes. The council of Britain has come with a ban, which means, they want to restrict the opening times of the fast food restaurants and move them further away from schools, and they want to limit the number of fast food restaurants in shopping parades. But still nobody wants to tell people what they should and should not do. You can’t tell anybody that they may not eat at Burger King anymore or for that matter what they should eat at all. The good thing about the ban is: - The children and teenager will not be able to buy fast food after school, when there are no fast food restaurants. - The obesity rate will fall. - The government doesn’t have to pay so much for the many kinds of treatment for obese people. - People are now forced to make food at home, for when their children come home from school. The bad thing about the ban is: - People, who practically live from fast food, will get...
Words: 588 - Pages: 3
...Profitability ratios are comprised of a group of financial ratios that determine how much profit my business is earning within a certain context. An example of these ratios is gross profit margin which is one of the most common or return on assets (ROA). In order to get the gross profit margin, I divide my company’s sales and it will give me how much my business earns. This can normally been seen as a percentage of total sales revenue. In order to get my ROA, I would divide my total income by my total assets which will allow me to see how much money my business takes in compared to the value of my assets that my business possesses. Asset Utilization ratios help me measure how efficient my business is at utilizing my assets to make money or profit. Two things, that I look at when trying to see my asset utilization and its success within my business is the receivables turnover and inventory turnover. In order to get turnover of my business receivables I divide my sales by accounts receivable, by doing this It indicates whether my business has the potential or is able to take the goods and services that I sale at Gilead, and be able to have enough money to use for other purposes. By calculating my inventory turnover, which is divided by the cost of goods produced by the average value of my product, It allows be a better understanding of the value of my product and use of inventory during a certain time period. Liquidity ratios allow me to monitor my company’s ability to meet short...
Words: 902 - Pages: 4
...Make money online is by using information and communication technology (ICT). Multi award-winning businesswoman Fione Tan is the pioneer of eCommerce in Asia. She started her Internet marketing company eOneNet.com in 1999. It also recently teamed up with the world’s biggest online shopping mall, Amazon, to help Asian SME’s sell items online to the US market. Fione Tan give some tips to make money through ICT. First of all make money doing what you love. Think what you want to be in five or ten years more and see which ideas can actually be turned into a business then you can create an online business. Now a day ICT is the best way to start your business without using a big modal and can gain more profit faster. Next is combine offline and online. It means if you already have physical stores, the best way to expand is by moving online. Most global brands also combine their marketing to drive traffic from offline shops to online websites and vice versa. Through ICT you also can earn money in US dollar no matter if you are a new woman entrepreneur or current businesswoman. Need to prepare product for the three billion-strong global audience online. Sell globally and earn US dollars is helping you to gain more profit. Even if you already selling online via auctions or social sites, you’ll need to learn how to set up an online branded store. New CrowdFunding for Business seminar. Many entrepreneurs feel that lack of money is the reason they cannot succeed. But with crowdfunding...
Words: 377 - Pages: 2
...Business Administration | Personal Finance FIN 1103 Week 4 Individual Work Money Management Assignment Instructions | To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. | Save and Submit to Dropbox | 1. Save your work as a Microsoft Word 2010 (.docx) file that includes your name, course code, and title in the file name. For example: JaneSmith_FIN1103_Week4.docx. 2. To submit your assignment, go to the Dropbox and click "Submit Assignment." 3. Click on the drop-down menu to select the Week 4: Individual Work basket in the Dropbox. | Objective: Outline the types of savings plans and calculate some of the related interest rates and account costs Locate the Financial Planning Exercises on page 166-167 of your textbook. Financial Planning Exercise Case 2: Victor and Maria Hernandez Need to Save Money Fast | The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $66,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $25,000 to the family’s annual income. | a. How will this change in income affect the family’s emergency fund needs? | | b. How much should they save annually for the next three years if they want to build...
Words: 409 - Pages: 2
...Tam Bui Research and Writing Mary Beth Hoag 4/26/2014 Rising cost of college education People who possess a degree have a better chance of finding successful careers. However, a college education has been getting increasingly more difficult by the sky-rocketing costs of college tuition. The authors of “Administrative costs in higher education: how fast are they really growing?” state that: “The College Board says the average tuition and fees at public four-year colleges and universities increased by 27 percent beyond the rate of inflation over the five years from the 2008-09 academic year to 2013-14. After adjusting for inflation, the cost of tuition more than tripled between 1973 and 2013” (Hedrick et al 124). The tuition cost now becomes a cause of considerable public concern because it is very high compared to how the economy has been and how wages and financial aid have not risen with the cost of tuition. With the cost of college rising, many have asked a question: Is a college education worth the cost? Anyway, it cannot be denied that a college education always remains an important investment for the future. Tuition is usually the first thing that comes to mind when planning for higher education. It is the largest portion of the bill when attending a college or university. Tuition is a term that refers to tuition, fees, and room and board charges per student. According to Robert Martin, the author...
Words: 1899 - Pages: 8
...primary reinforcer falls under the category of food and shelter because a person already knows the value of it. On the other hand, a secondary reinforcer is in the category of money because it has a certain value to it. Salatino’s uses the secondary reinforcer because he believes in spending money on commissions and bonuses to give to employees for their hard work and to motivate them to do an even better job. He has a system to where during the day he uses different types of motivation techniques to pump up his employees to sell their product at an efficient and effective pace. For example, on a recent Friday morning Salatino set up a rotating blue light in the salesroom to motivate his employees for that day. The light indicated that there was a special pen deal going on only when that light was on and rotating. He kept this light on for an hour and it allowed employees to give their customers a two for one deal on Stars and Stripes promotional pens. When that light turns off then the deal is over and employees have to go to selling pens at their regular price. Using this type of motivation can be very beneficial to a company because it gives employees a sense of urgency to get their job done and to do it well in a short period of time. I feel as if the employees would get an adrenaline rush because it is so fast paced, and this will lead to them to being more productive and in the long run lead to more sales....
Words: 994 - Pages: 4
...Study | FIN 1103 | Business | Finance FIN 1103 Week 4 Individual Work Money Management Assignment Instructions | To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. | Save and Submit to Dropbox | 1. Save your work as a Microsoft Word 2010 (.docx) file that includes your name, course code, and title in the file name. For example: JaneSmith_FIN1103_Week4.docx. 2. To submit your assignment, go to the Dropbox and click "Submit Assignment." 3. Click on the drop-down menu to select the Week 4: Individual Work basket in the Dropbox. | Objective: Outline the types of savings plans and calculate some of the related interest rates and account costs Locate the Financial Planning Exercises on page 166-167 of your textbook. Financial Planning Exercise Case 2: Victor and Maria Hernandez Need to Save Money Fast | The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $66,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $25,000 to the family’s annual income. | a. How will this change in income affect the family’s emergency fund needs? | | b. How much should they save annually for the next three years if they want to build...
Words: 407 - Pages: 2
...American30 As president of Great Northern American, Joe Salatino gauges the success of this 35-year-old company by the amount of money he pays employees. The firm’s salespeople will sell more than $20 million in office, promotional, arts- and-crafts, and computer supplies to more than 60,000 businesses around the country this year. Great Northern American sells more than 7 million yards of packaging tape, 8 million paper clips, and 11 million BIC and Papermate pens and pencils bearing customer logos, along with about 12,000 other products, each year. The head of this Dallas-based telemarketing company believes that spending money on commissions and bonuses is necessary to keep his 30-person sales force motivated, especially in the face of stiff competi- tion from Internet users. The company’s salesroom features all kinds of motiva- tional devices. On a recent Friday morning, rotating blue lights signal that a special deal on pens is on. For the next hour, customers can get two for one on Stars and Stripes promotional pens. When the blue-light special is off, they’re back up to 39 cents apiece. When the light goes off, a leader draws a large snowball on one of the large dry-erase boards to indicate another sale has ended. The noise and pace is fast and furious. Many of Salatino’s salespeople earn more than $60,000 a year, and top producers earn more than $100,000. Gary Gieb, aka John Johnson, because it’s easier to spell and sounds more all-American over the phone, earned...
Words: 547 - Pages: 3
