...Minor League Baseball Wages Minor League Baseball seeks solution to poverty level wages 4/25/15 April 25, 2015 Mr. Michael Slagle ABC Corporation 2105 E Coliseum Blvd Hillsdale, IL 45642 Dear Mr. Slagle, Hello and thank you for giving me the opportunity to conduct this study on quick fixes in professional baseball. The study was conducted through a variety of online sources, as well as an interview with a current professional baseball player. This report shed a lot of light on this current issue as various ex-minor league baseball players are waiting to go to court with major league baseball representatives. They are representing all minor leaguer in fight for fair rights and wages. I’m submitting this to you, because minor league baseball players are being paid poverty-level wages for spending nearly 60 hours a week at the field. Their benefits compared to the major leagues makes seem like they’re two separate professions. I’m going to discuss how this lawsuit is just a quick fix for the bigger issue at hand. I will discuss in this report a long-term solution for minor leaguers and their rights. I appreciate the opportunity to conduct this research and am look forward to sharing my information with you. Evan VanSumeren II Executive Summary The findings in this research was designed to identify the short-term solution and to propose a long-term solution. The problem is minor league baseball players...
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...the biggest issues that are going on today is should we raise the minimum wage? According to Bureau of Labor Statistics, “In 2011, 73.9 million American workers age 16 and over were paid at hourly rates, representing 59.1 percent of all wage and salary workers. Among those paid by the hour, 1.7 million earned exactly the prevailing Federal minimum wage of $7.25 per hour. About 2.2 million had wages below the minimum. Together, these 3.8 million workers with wages at or below the Federal minimum made up 5.2 percent of all hourly-paid workers” (Characteristics of Minimum Wage Workers In 2011, 2012). According to the data, there are very few people getting paid at or below the federal minimum wage. Yet, people are complaining that the current wages are not enough. With wages at the current state, people are still living in poverty. With the new Fair Minimum Wage Act of 2015 (H.R. 1010), the minimum wage will rise from $7.25 to $10.10. The debate is whether the increase in wage will either benefit everyone (employees and businesses) or will this increase have negative effects and create more issues instead of fixing them. Will we end up paying more to get less? Background Here is some history on H.R. 1010 or better known as the Fair Minimum Wage Act. “The federal minimum wage originated in the Fair Labor Standards Act (FLSA) signed by President Franklin Roosevelt on June 25, 1938. The law established a minimum wage of 25 cents per hour for all employees who produced products shipped...
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...IMPROVING TRANSPARENCY: H&M’S CODE OF CONDUCT IN BANGLADESH FACTORIES Prepared for Jennifer Ward, US Public Relations / Communications Director H&M Prepared by Public Relations Specialists H&M October 7, 2015 MEMORANDUM TO: Jennifer Ward, U.S. Public Relations/Communications Director FROM: Murphy Kane, Public Relations Specialist; Kathleen Ashcraft, Public Relations Specialist DATE: October 7, 2015 SUBJECT: H&M’s Code of Conduct in Bangladesh Factories We have prepared the report that you requested on H&M’s code of conduct used in our garment factories in Bangladesh. After some initial research, we have found that H&M has a well-established code of conduct that would meet the standards of the average U.S. consumer, which is the market into which H&M is looking to branch. The issue that H&M faces is the average consumer’s perception that every company outsourcing to Bangladesh has the same inferior standards as the Bangladesh government. The solution rests upon H&M’s ability to focus more clearly on brand management. Consumers need to be reassured that H&M’s standards for working conditions are not the same as those of the Bangladesh government. H&M’s public relations team in the U.S. should focus upcoming press releases and social media blasts on explanations of H&M’s code of conduct. Additionally, H&M’s new ad campaign...
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...Did You Join ReWards? David Haire DeVry University DeVry University Table of Contents * Executive Summary * Product Description * Benefits of Product * Competitive Analysis * Market Research * Safety and Health within innovation * Development Strategy * Launch Strategy * Reference Page Executive Summary This report was commissioned to recognize the problem at hand of time and money lost by consumers and retailers in the process of enrolling in and paying for retail rewards programs. Member products have recognized this problem. Did you join? The answer right now may be no, however give it time and you will understand why the answer will soon be yes! “ReWards” is an incremental innovative product that is due to release early next year. With ReWards, you will now have the ability to purchase a single, recycled hard plastic key fob which allows you to have one device that acts as your rewards membership card for all retail locations that offers a rewards program. ReWards is a company that originated in Algonquin, Illinois by a retired Army veteran who took note of the excessive amounts of rewards programs there were on the market and the hassle that seemed to go hand in hand with the enrollment and management of each program. ReWards is a fast growing company that has completely eliminated the hassle behind rewards programs! But what is the true problem at hand? Let us think back on our current shopping experiences. When was...
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...During the last few years in particular, the significance of social consciousness has highly increased: especially in business, the so-called Corporate Social Responsibility becomes more and more important and is today playing a decisive role in corporate governance. But what does CSR actually mean? It can be defined as the company’s responsibility towards the environment and society. However, businesses have the primary ambition to maximize profits, which sounds in a first way difficult to combine with CSR, at least in a short-term view. Correspondingly, we could ask ourselves to what extend CSR should be totally voluntary work of companies, or in other words, what role should the government play in business, particularly in relation to social and environmental responsibility? Government certainly has to interfere in business concerning CSR, because it affects not only the companies but the whole society. But how far is government really able to influence, and owing to which measures? First of all, companies are often pushed by their own greed of gain, difficult to combine with social and ecological responsibility, which makes an intervening of the government indispensable. Influenced by shareholders and their rational desire of obtaining high returns, companies are supposed to think in a short way and do often not recognize the necessity and also the opportunities of CSR in their company. However, recent studies clearly indicated that a corporation’s commitment concerning...
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.................................1 II. The Auditors……………………………………………………………………………………….2 III. Events Affecting The Financial Statements………………………………………..2 IV. Assets & Liabilities………………………………………………………………………………3-4 V. Company Stock……………………………………………………………………………………4-5 VI. The Income Statement………………………………………………………………………..5-6 VII. The Statement of Cash Flows……………………………………………………………...6-8 VIII. Summary……………………………………………………………………………………………..8 IX. Works Cited…………………………………………………………………………………………9 WELCOME TO WAL-MART!!! Everyone enjoys shopping at Wal-Mart. They always have the lowest prices on products in town whether it be tools, video games, or groceries. However, everyone wants to know how do they keep such low prices and have such a high profit every year. These questions will be answered in this analysis of the 2013 annual report for Wal-Mart. It is very important to look at the annual report for a business in order to be able to see how they are doing financially. This is a great way to predict where the company is headed as far as the future goes. It is equally important to analyze the information in the annual report so that one might ensure that the data is as accurate as possible. In this report, we will explore how exactly Wal-Mart is a trillion-dollar industry. We will explore their assets and liabilities, the auditors for the report, the stock that the company has, the income statement, the statement of cash flows, and certain events...
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...Archibald Incorporated ADM1100 Section: X Professor Matt Archibald Date: Monday, June 23, 2014 Executive Summary To: Archie, CEO of Archibald Incorporated From: XX Date: June 23, 2014 Critical Assumptions: * Archibald Incorporated is trying to find ways to reduce costs in order to increase profits. * Archibald Incorporated is a very ethical and labor-oriented company. * Archibald Incorporated may pressure the new Chinese facility to meet unrealistic goals that can be fulfilled only by cutting corners or acting unethically. * Archibald Incorporated has high ethical standards, if media finds about the issue, it will be a PR disaster. * If Archie does not fix the situation properly, he will be fired from Archibald Incorporated Problem: Archibald Incorporated’s reputation can be potentially jeopardized due to the third party report, which indicated falsification of payroll reports of the Chinese facility. Alternatives: 1. Archibald Incorporated’s status quo. 2. Archie should come clean to the board about the company crisis in China. 3. Archibald Incorporated should proceed to dissolution and termination of joint venture. Facts Considered: 1. Archie strongly believes in ethics and wants the company’s actions and policies to stay that way. 2. The company’s CEO was against the joint venture from the start. 3. An effective business plan should be utilized in order to fix the problem no matter what...
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...Market Failure: Poverty and Income Inequality Donna Butler South University Online ECO2071 Principles of Micro-Economics Week 5, Assignment 1 Professor Brandt May 29, 2015 Market Failure: Poverty and Income Inequality Every country in the world needs basic information on the residents that live there. This information is needed for planning, for development and for trying to improve the quality of life for those residents. In order to have good planning, reliable, accurate, detailed information and information that is up-to-date needs to be gathered. This is one of the things that the census does. It gathers information for many different reasons and uses. The information is used to make it possible to plan better services, solve existing problems and to improve the quality of life. The statistical information that is gathered is very essential for the democratic process because it enables the citizens to look at and examine the decisions that are made by the government and the local authorities. From this information citizens can decide if they are serving the public that they are meant to be helping. The information from the census also provides detailed statistics that are very important for communities and for businesses. The Census Bureau also reports the poverty data from several major household surveys. The census reported that in 2010 the poverty rate in the US was 15.1%. The report also showed a shocking decline of household incomes during the worst...
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...you pay a fair price for it. Horatio Hernandez Coobafrio Co-operative, Magdalena, Colombia January 2014 contents 1 Introduction 4 2 6 Executive Summary Britain’s Bruising Banana Wars 16 16 20 21 4 The banana value chain 4.1 The UK banana market 4.2 The retail price of bananas in Britain 4.3 UK banana imports 2002 – 2013 4.4 Changes in banana supply chain operations 4.5 The impact of supermarket price wars on producers 4.6 Producer prices vs costs of sustainable production 22 22 23 5 The market environment for bananas 5.1 Evolution of the global banana trade 5.2 Consolidation of retailer power and UK price wars 5.3 The impact of competition law on banana prices 38 6 Fairtrade’s alternative approach 6.1 General background to the Fairtrade system 6.2 Fairtrade bananas – scope and scale 6.3 airtrade: the benefits and F constraints for farmers and workers 2 3 About this report 3.1 Fairtrade’s involvement in bananas 3.2 Research objectives and approach 3.3 Methodological note 7 Achieving a sustainable banana industry 7.1 inclusive market An for smallholders 7.2 Thriving banana farming communities 7.3 Decent work 7.4 Living wages 7.5 Workers’ rights to unionise 7.6 Taking full account of externalities 7.7 A new approach to pricing 56 8 Conclusions and recommendations 66 ...
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...Group Name: The Corporate (A) SL. No. | Name | ID No. | 01 | Md. Saiful Islam | 104821 | 02 | Lenin Azad Polash | 104831 | 03 | Md. Whahiduzzaman Robin | 104865 | 04 | Rafiul Islam Chowdhury | 104965 | 05 | Md. Nazmul Hasan | 105043 | Letter of Transmission April 28, 2013 Md. Mosharraf Hossain Chairman Department of management studies Jagannath University, Dhaka. Sub: Submission of Assignment in “Employee Benefits of Walton (company)”. Dear Sir, We are very happy that we have been able to submit the assignment you have assigned to us. The assignment was to prepare the “Employee Benefits of Walton (company)” on the course named “Human Resource Management” as part of our academic activities. For the purpose of preparing the assignment we had to have an in-depth knowledge on Employee Benefits and the company Walton as well. This was the first ever opportunity for us to gain proper understanding to Employee Benefits and working on it over a company ever as such practical knowledge. Thank you for giving us the opportunity to learn the real life practice & increase the knowledge on Employee Benefit on the course “Human Resource Management”. Sincerely Yours Group Name : The Corporate (A) Section : A Department of Management Studies Jagannath University, Dhaka Table of Content Title | Subtitle | Page | Introduction | | vi | Background | Background of Bangladesh Small and Cottage Industry | vii | Definition | Definition of SME given...
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...a Hong Kong based partner. • Obersport handles the raw materials and production for all of Sport Obermeyer’s production in the Far East. • Production is done in independent subcontractors located in Hong Kong and China. Lining Fabric Insulation Materials Cut/Sew Distribution Center Retailers Snaps Zippers Others Textile Suppliers Obersport Obermeyer Retailers 3 4 Planning Cycle Planning Cycle Cont. • Design begins in February of the year before the garments will appear in stores. • As soon as designs are finalized, samples are produced and shown to retailers during the Las Vegas show. The show is usually held in March. • Concurrently, materials and components are ordered for the initial production order. • Usually receive 80% of the annual order volume the week after Las Vegas show. • During June and July the garments are transported to Obermeyer’s Denver warehouse. This takes approximately six weeks. • Around the end of August, Obermeyer ships orders to retailers. • Products go on sale during September. Peak times are December through January. 5 6 1 Time Line Production Planning (See Table 2-14, p. 68) • Annual production is approximately 200,000 units. • Maximum production capacity available for cutting and sewing is 30,000 units a month. • The minimum...
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...tariffs, and quotas on equilibrium price and quantity. State the limitations of demand and supply analysis. State six roles of government. It is by invisible hands that we are bent and tortured worst. Nietzsche I n the last chapter we introduced you to the concepts of supply and demand. In this chapter we will (1) show you the power of supply and demand, (2) show you how the invisible hand interacts with social and political forces to change the outcome of supply and demand analysis; and (3) discuss how one must adjust supply and demand analysis with other issues kept at the back of one’s mind. THE POWER OF SUPPLY AND DEMAND To ensure that you understand the supply and demand graphs throughout the book, and can apply them, let’s go through an example. Figure 5-1(a) deals with an increase in demand. Figure 5-1(b) deals with a decrease in supply. 104 USING SUPPLY AND DEMAND s CHAPTER 5 105 Figure 5-1 (a and b) SHIFTS IN SUPPLY AND DEMAND When there is an increase in demand (the demand curve shifts outward), there is upward pressure on the price, as shown in (a). If demand increases from D0 to D1, the quantity of cassette rentals that was demanded at a price of $2.25, 8, increases to 10, but the quantity supplied remains at 8. This excess demand tends to cause prices to rise. Eventually, a new equilibrium is reached at the price of $2.50, where the quantity supplied and the quantity demanded is 9 (point B). If supply of cassette rentals decreases, then the entire...
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...How ‘fair’ are wage practices along the supply chain? Global assessment in 2010-111 Daniel Vaughan-Whitehead 2 SUMMARY Worrying global wage trends around the world as well as poor wage practices along the supply chain – both exacerbated by the economic crisis – have led to increasing concerns over wage issues. This paper is aimed at identifying how ‘fair’ would be wage practices along the supply chain. For this we first propose to define ‘Fair wages’ through a new approach, the ‘Fair wage approach’, aimed at providing CSR actors with a coherent set of fair wage dimensions and indicators. This new approach is then applied in a large-scale exercise carried out on wages in more than 100 suppliers in Asia and complemented by three case studies in China. This exercise carried out in 2010-11 provides first hand and most recent information on wage practices among suppliers. The results identify a number of wage problems along the supply chain, and also confirm the need to address wage issues using a broad spectrum of different ‘fair wage’ dimensions, including living wages, minimum wages, prevailing wages, social dialogue, the payment of working hours and the evolution of wages in accordance with prices, enterprise performance and changes in technology and human capital. Paper prepared for the Better Work conference, 26-28 October 2011, Washington DC. Data have been collected through the 2010 auditing process of the Fair Labor Association (FLA). I would like to thank Kenan Ercel, Patrick...
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...9-700-047 REV: SEPTEMBER 6, 2002 DEBORA L. SPAR Hitting the Wall: Nike and International Labor Practices Moore: Twelve year olds working in [Indonesian] factories? That’s O.K. with you? Knight: They’re not 12-year-olds working in factories... the minimum age is 14. Moore: How about 14 then? Does that bother you? Knight: No. — Phil Knight, Nike CEO, talking to Director Michael Moore in a scene from documentary film The Big One, 1997. Nike is raising the minimum age of footwear factory workers to 18… Nike has zero tolerance for underage workers. 1 — Phil Knight, 1998 In 1997, Nguyen Thi Thu Phuong died while making sneakers. As she was trimming synthetic soles in a Nike contracting factory, a co-worker’s machine broke, spraying metal parts across the factory floor and into Phuong’s heart. The 23 year-old Vietnamese woman died instantly.2 Although it may have been the most dramatic, Phuong’s death was hardly the first misfortune to hit Nike’s far-flung manufacturing empire. Indeed, in the 1980s and 1990s, the corporation had been plagued by a series of labor incidents and public relations nightmares: underage workers in Indonesian plants, allegations of coerced overtime in China, dangerous working conditions in Vietnam. For a while, the stories had been largely confined to labor circles and activist publications. By the time of Phuong’s death, however, labor conditions at Nike had hit the mainstream. Stories of reported abuse at Nike plants had been carried in publications...
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...2012 Dhaka fire From Wikipedia, the free encyclopedia 2012 Dhaka fire Date 24 November 2012 Location Dhaka, Bangladesh Casualties 112–124 dead [1][2] 200+ injured The 2012 Dhaka fire broke out on 24 November 2012, in the Tazreen Fashion factory in the Ashulia district on the outskirts of Dhaka, Bangladesh.[3] At least 117 people were confirmed dead in the fire, and over 200 were injured,[4] making it the deadliest factory fire in the nation's history.[5] The fire was initially presumed to be caused by an electrical short circuit, but Prime Minister Sheikh Hasina has since suspected that the fire had been arson and an act of "sabotage" due to the occurrence of previous comparable events. This event and others similar to it have led to numerous reforms in workers' rights and safety laws in Bangladesh. Contents [hide] 1 Background 2 Fire 3 Response 4 Revised Regulations 5 Related occurrence 6 See also 7 References 8 External links Background[edit] When it opened in 2009 the Tazreen Fashion factory employed 1,630 workers and produced T-shirts, polo shirts and jackets for various companies and organizations.[6] These included the US Marines,[7][8] the Dutch company C&A, the American company Walmart and the Hong Kong based company Li & Fung.[6][9] The factory is part of The Tuba group which is a major exporter of garments from Bangladesh into the U.S., Germany, France, Italy and the Netherlands, whose major clients include Walmart, Carrefour and IKEA.[10] According to Tazreen...
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