...The United States’ minimum wage is absurdly lower than what is realistically required to survive in today’s economy. Hard working, impoverished citizens file countless applications for welfare and food stamps every day. These government aid programs are costing us billions of dollars. These funds could be re-appropriated for studying green technology, or for providing much needed maintenance to our national infrastructure. In any event, our system of regulating compensation for services rendered is long overdue for fresh legislation. In the 1930’s, congress passed a bill setting minimum wage at $5.25 an hour. Given the exponential inflation since that time, wages should have increased proportionately to the cost of consumer goods. Unfortunately,...
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...Argumentative Essay: Is it really worth it? LABR 1F90 Haseeb Mohammad 5591979 T.A – Nathan Cecckin March 25, 2016 “I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.” as John Sununu states, raising minimum wage is not a great decision. The minimum wage rate must not increase for the reason that this will put many firms out of business, and will also lower the employment rate. Assuming firms are employing resources at maximum efficiency, increasing the labor wages will cause immense damage. An increase in minimum wage will not help our economic system become efficient; in order to allow our economy to run smoothly there mustn’t be an increase in labor wages. Increasing wage rates will increase the unemployment rate resulting in an increase in inflation allowing an increase in poverty, increasing the minimum wage rate will also increase the expenses for businesses, and lastly it will also affect a majority of high school students. If the industries suppliers’ prices increase along with the wages many industries will start to go bankrupt because of the decrease in demand for the industries’ products, resulting in a decrease of employment for low skilled workers, or young people just as Niels Veldhuis & Sylvia LeRoy explain in their academic journal, “Specifically, he concluded...
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...in Employment Relations Concerns. There are four issue occurred in the case scenario for an instant, minimum wage and long hours working for young staff, lower wage, safety committee and employees best interest at heart, the company’s financial performance and had some suggestions for improving. This issue will be discussing in this portfolio later. So for now, we will start with the preparation before the simulation. We are planning on how to implemented a problem solving, we decided to use positional negotiation which are win – lose strategy “The party who initiates the conflict being satisfied and other dissatisfied” (Dwyer, J 2009, p51). The reason we chose to use positional negotiation because Ed, the character demonstrates in the scenario are more self-centred, does not share the same interest with employees and always initiates conflict where Ed is satisfied and others are dissatisfied. The case of scenario, we are intended to determine the problem on the basis of bargaining behaviour where “the aim is to encourage behaviour focused on collaborative problem solving” (Rasmussen, E., 2009, p511). According to the issues of planning process to focus about how Ed can benefit for the most taking by advantage on each problem from employment. The employment young staff youth rates; we think Ed is giving the young staff for the working experience. That Jing getting lower wages than other employees, she is an immigrant and debates those she is hard to communication with other employment...
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...not seriously defended by many people, if any. But the “sweatshop” label can still apply to jobs that do not involve any of these more obvious moral atrocities. A difficult job with long hours that pays very little may still be referred to as a sweatshop job and, I will argue, may still be morally objectionable. The question I want to consider is whether it is morally justifiable to pay the very low sweatshop wages for the very arduous sweatshop labor even if there is no coercion, deception, or direct causing of harm. Some defenders of capitalism and supporters of free-market economics have defended sweatshop wages on the grounds that they benefit the desperately poor workers of these impoverished countries who are very glad to get the work. In an important and widely reprinted paper, Ian Maitland argues that “the appropriate test [for fair wages] is not whether the wage reaches some predetermined standard but whether it is freely accepted by (reasonably) informed workers.”1 In this paper I will criticize the defense, as well as the practice, of (excessively low) sweatshop wages. In particular I will challenge the claim that one cannot wrong someone by benefiting...
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...parenting styles, and sometimes the lack of rest (George, 2009). Around 43% of children live within a single parent home that is at or below the national poverty level (George, 2009). Due to not being financially stable, some single parents are forced to live in low-income neighborhoods which result into poor schooling systems. More children are likely to drop out of school and to be raised in poverty. Consequently there are more like to be teen pregnancies. Around 60% of are raised by young single parents who are less likely to get married (Feldman, 2011). In addition to teenagers are more likely to raised their child without the help and support of the father, as a result most teenagers abandon their education and have to rely on minimum wage jobs for a source of income (Feldman, 2011). According to Feldman, “ The consequences of living in a single parent families depends on the financial condition of the family and, if there had been two- parents, the level of hostility that existed between them” (Feldman 2011). the majority of people think the cause is whether there were two parents at first and situation changed leaving one parent to raise the child. Additionally the economic status is a very important aspect on determining what types of consequences the child will grow up with. Consistent with Bramlett &...
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...unequal income distribution. But for the United States, it has examining percentile distributions. The US is using five groups to show the percentage of income received. As we can see from the table U.S. Census Bureau, the proportion received by the poorest Americans has remained virtually unchanged. Most of the observed changes occurred between 1929-1970, probably reflecting the impact of the great depression and new government programs in the 1930s, as well as World War II from 1950-1980, so there was a little change in the overall distribution (from textbook). Therefore, many things can influence the income distribution, such as wage payment systems change, tax laws change, transfer payment systems change, property rights change, economic systems change and general economic conditions change. b) As we know, the income for workers, it might be wages or salaries for a month. The dividend is the income for stock owners. Interest is the income for holders of savings accounts. Individuals will have several sources of income, but labor income is the main source of income for many individuals and families. The labor income could affect by age, skill and human capital, worker preferences, and job preferences. Younger people with few skills tend to make little income when...
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...apply cost cutting measures and cut down the numbers of non-core staff to maintain a profitable situation. Based on the economic forecast -optimum but fragile- the company could operate on a profitable level which indicates the company wants to maintain a level of production which it used to, but is worried about the future in this fragile economy. So the company decided to hire temporary / limited term staff. The headquarters of the North American branch of Schukra Inc. could not be properly operated without the support of the technical and engineering expertise of top management. So they trying to accommodate them their best in order to maintain the core function of the company. This decision is implied by two commitments: maintaining the wage rate and health and welfare benefits, and job security. To coordinate the decisions which benefit the core workers, the company decided to increase the production level by hiring temporary workers who are introduced by an outside agency. Most of the temporary...
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...Next month, people in SeaTac will vote on Proposition 1-- it would lift the minimum wage to $15 an hour for workers at the airport and its nearby hotels, parking lots and car-rental agencies. That’s a 63 percent increase over Washington’s current minimum wage of $9.19 an hour, the highest of any state. A year ago, Jorge Sanchez of Long Beach, California was struggling to support his family on $9.75/hour as a dishwasher at a hotel. Sanchez, 56, threw his support behind hiking the minimum wage to $13 an hour for hotel workers in this city just south of Los Angeles. But the Colombia native soon experienced an unintended consequence: The same month he got a $3.25-an-hour bump in pay, Sanchez’s employer cut his workweek from 40 to 30 hours. “Measure N was good because it raised our wages. But what the hotel did was cut our hours, so it hasn’t made a change,” he said. Unlike Sanchez, Hilton bellman Donald Blackwood still works a 40-hour week and pulls in an extra $800 a month thanks to the city’s “living wage” law. “Now, I have enough money saved up to buy a car,” he said. Both the SeaTac and Long Beach measures are part of a stepped-up effort by labor and community activists nationwide to end what they call poverty-wage jobs. In Seattle, both mayoral candidates are plugging an hourly minimum standard of $15 or more. Prop. 1 proponents say it would lift low-wage workers out of poverty and give them more money to spend at local businesses, pumping an additional $54 million...
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...At Commerzbank this theory could be put under scrutiny as every worker may have their own epitome of ‘one best way” to perform a task . His other theory of a ‘fair days of work’ ,may not be successful at Commerzbank as a workers wage depends upon his performance in monetary terms . However, this principle must be viewed with a degree of caution, as the notion of this theory would exclude payments being made to new/untrained employees and trainees. As they may not generate any revenue at all or an insignificant amount for Commerzbank. According to this theory this may lead to a salary which is below the minimum wage .If this was to happen Commerzbank would be breaking the law. It is worth considering that due to the drastic change in the volatile economy employers have rights unlike in Taylor’s Industrialised time . Some people may disagree and state that due to Taylor believing that it is a mangers role ,to do the thinking and the workers to the physical aspect of the job .If a worker was slow it would be the managers duty to use their initiative, and do part of the job to pick up the pace . Instead of the manger doing the mental aspect of the task they are also doing the physical at this point. If a worker generated a vast amount of revenue for Commerzbank, but was not paid accordingly this would lead to predicaments .The firm may be unable to match the X amount of revenue to a workers salary, thus resulting in underpayments being made . Money is not the only...
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...how employees respond when they are not satisfied with their jobs. Understanding the responses helps companies to identify that discontent and hopefully address it before it goes too far. Causes Of Job Dissatisfaction There are a number of specific causes for job dissatisfaction, but it is understood there are four main areas that reside in this issue. These areas are: Being underpaid: Not being paid what you are worth is called being underpaid. This one issue is the most challenging one to work with because it can be driven by interpretation or perspective that is very personal or individually focused. If a person does not think they are being paid enough to do their job, then they perceive themselves to be underpaid - even if the wages they make are in line with that position. If they research...
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...Mrs. Bailey Speech-2 8 January 2014 Bibliography Carney, Timothy P. "Increasing the Minimum Wage Favors Megastores Like Wal-Mart." The Minimum Wage. Ed. Noah Berlatsky. Detroit: Greenhaven Press, 2012. Opposing Viewpoints. Rpt. from "Wal-Mart, Costco Back Minimum Wage That Could Hurt Small Rivals." Washington Examiner 20 Apr. 2007. Opposing Viewpoints in Context. Web. 16 Dec. 2013. De Coster, Karen. "Wal-Mart Benefits Americans." Ethics. Ed. Laurie DiMauro and Tina Grant. Detroit: Greenhaven Press, 2006. Opposing Viewpoints. Rpt. from "The Case for Wal-Mart." www.mises.org. 2003. Opposing Viewpoints in Context. Web. 16 Dec. 2013. Longo, Don. "Wal-Mart Supports Communities." Are Chain Stores Ruining America? Ed. Kirsten Engdahl. Detroit: Greenhaven Press, 2007. At Issue. Rpt. from "Fighting a Bad Rap: Wal-Mart's Positive Contributions to Retailing and Local Communities Are Often Overlooked by Sensation-seeking Press and Special Interests." Retail Merchandiser (2004). Opposing Viewpoints in Context. Web. 16 Dec. 2013. Longworth, Richard. "The Urban Poor Need Supermarkets, Not Urban Agriculture." Urban Agriculture. Ed. Nancy Dziedzic and Lynn Zott. Detroit: Greenhaven Press, 2012. Opposing Viewpoints. Rpt. from "Forget Urban Farms. We Need a Wal-Mart." Good Inc. 2011. Opposing Viewpoints in Context. Web. 16 Dec. 2013. Vedder, Richard, and Wendell Cox. "Wal-Mart's Anti-Union Business Model Is Good for Workers." The Wal-Mart Revolution: How Big-Box Stores Benefit Consumers...
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...The laws set for minimum wages protect unskilled workers from exploitation (Gorman, 2008) and provide them with a “living wage” (Livingston, 2011). The idea of a minimum wage was created in Australia and New Zealand to reduce poverty (Gorman, 2008). Maximum rents for housing was created to protect tenants from increased monthly rent cost by landlords (Block, 2008). Formally, rent control is known as the Emergency Tenant Protection Act; which was created during World War II in New York City (Block, 2008). b. Why are there no laws setting maximum wages for workers or minimum rents for housing? Setting a maximum wage law will not only hinder the economy but hurt high wage workers purchasing power. When the economy is booming, most workers receive raises, however if there is a cap placed on the wages, workers would max out their earnings. If workers production levels in one hour is 10 times what they receive in compensation, the only party benefiting in the transactions in the company. Maximum wages would also hurt the market for luxury items. Workers may be reluctant in purchasing certain luxury items because once they have reach there max wage; there is no room for wage increases. A price control for rent was created in an effort to aid low-income families. However, placing a minimum rent would directly affect those families that have very low or no income, which can not afford a monthly rent but need a home to live in. There are rental properties that are subsidized by...
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...when it comes to work and relationships. There would be no judging a person because they are of a different religion, race or sex. Unlike the society we currently live in there would be no wage difference because the person happened to be a female. Wages would be based on the person’s ability and education level. I would encourage all businesses to be family oriented giving their employees ample time to spend with the loved ones by having a four-day workweek and a living wage that would support this. If employees are happy with their place of employment they will certainly be more productive. There would be no racism or bullying, people would be free to do as they see fit for themselves and their family as long as they stay within the boundaries of the law. Also, in order to teach young people the importance of working and supporting family they would start doing community service projects in high school so they can learn the value of their education and it would also help to keep young people out of trouble. The economic structure would be based mostly on natural resources and balancing between the rich and the poor. There wouldn’t be low tax for the wealthy and high tax for the middle class and CEO’s would not be making millions of dollars a year while the single parent is making minimum wage and living in a shelter because they can’t afford the rent. The next area to discuss would naturally be the law of the land. In this Utopian Society there would be no punitive law instead...
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...financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations). Two basic ways to make direct financial payments to employees: 1. Time-based pay 2. Performance-based pay Legal Considerations in Compensation Various laws specify things like minimum wages, overtime rates, and benefits. For example: 1. 1931 Davis-Bacon Act allows the secretary of labor to set wage rates for labourers and mechanics employed by contractors working for the federal government 2. 1936 Walsh-Healey Public Contract Act sets basic labor standards for employees working on any government contract that amounts to more than $ 10.000 3. Title VII of the 1964 Civil Rights Acts makes it unlawful for employers to discriminate against any individual with respect to hiring, compensation, terms, conditions, or privileges of employment because of race, color, religion, sex, or national origin. 4. 1938 Fair Labor Standards Act contains minimum wage, maximum hours, overtime pay, equal pay, record-keeping, and child labor provisions that are familiar to most working people. One familiar provision governs overtime pay. It says employers must pay overtime at a rate of at least one-and-a-half times normal pay for any hours worked over 40 in a workweek. The FLSA also sets a minimum wage, which sets a floor for employees covered by the act (and usually bumps up wages for practically all...
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...no one wants to attempt. In one case that made it to, a Vietnamese court recently found a Korean supervisor guilty of beating workers and extradition may be sought for the accused sexual molester who fled. In Indonesia 24 discharged Nike workers are challenging the legality of their dismissal before the country’s Supreme Court (Saporito 3). These are major breakthroughs in the court systems to have someone tried and convicted in these distant countries whose courts are often corrupted. Factory conditions are consistently getting press here in the U.S., as many are angry with Nike for not providing for their overseas employees. The following account is of the conditions in a Chiniese factory: Twelve hour shifts several days a week; wages as low as 16 cents and hour; 16 workers to a dorm room; pregnant women fired. Workers are not allowed to talk. There is constant pressure to produce—workers are yelled at. If you don’t meet your high production quota you must stay until you do-without pay. The factory is noisy, filled with dust and fumes. Workers have fainted, overcome by the long hours...
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