...The minimum wage rate is introduced in this essay, with the perspectives of weighing the benefits with that of the costs of the national minimum wage. The essay goes about discovering what exactly is minimum wage and how it impacts the economy. Moreover, the advantages are compared against the disadvantages of the minimum wage rate. Furthermore, it also covers the detailed consequences of increased minimum wage after a research on what economists have surveyed about the recent increase in the minimum wage. Thus, this essay has thoroughly evaluated the pros and cons of implying with the law to allow for national minimum wage in the labor market. The minimum wage act was created in the 1938T as Fair Labor Standards Act, which makes it legally compulsory for the employers to pay their employees for the period of time worked. The minimum wage could be defined as the “minimum rate of remuneration that is must to be paid to a wage employees for the work they have done over a period of time, which cannot be neglected or reduced by individual contract and collective agreement”. The eligibility of minimum wage is that it is allotted to workers who are below 20 years old, for long as the probationary period lasts that is for almost 3 months. The minimum wage rate...
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...later. They are the fallacies of overlooking secondary consequences and only striking the eye. Hazlitt (2008) showed that the whole of economics can be reduced to a single lesson and the core problem with economic policies can be reduced to a sentence: people should look beyond, looking not merely at the direct but at the longer effects of any policy, then the consequences of the policy influence on all groups rather than merely one specific group. This essay will focus on the application of minimum wage laws. The labour unions and legislation are the main power to create the minimum wages (Brown, 1988). In France, for instance, the minimum wages are extensions of existing trade union legislation. Minimum wage laws are the body of laws which prohibit employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wages. The final purpose of regulate the minimum wages is boosting the production and encouraging the consumption of the employees who have low income. However, these wage laws ignore one real issue, the unemployment. In reality, the employers will not hire the employees who cannot produce goods or provide service. Then the unable workers will be fired by their leaders, which lead to the issue of unemployment. Considering the high costs, these entrepreneurs will shut down their business, because they...
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...CCGL 9018 Final Essay Name: CHAN YIK UID 3035036503 Case study of Wal-Mart Introduction In this essay, the case of Wal-Mart will be discussed by applying the Milton Friedman’s argument on CSR and utilitarianism. Wal-Mart is the largest retailer in the world, however, it is also known for ruthless exploitation of employee, squeezing suppliers, and crushing communities. It has been the Public Enemy No. 1 for a generation of activists and reformers. To cope with these oppositions, Wal-Mart responded vigorously and, instead, announced plans to preserving the environment, fighting hunger, empowering women and providing access to healthy, affordable food. The essay will try to argue the problems of Wal-Mart dominating the world in the retail business to create great profit by giving low wages to the employee according to Milton Friedman and utilitarianism. Also, it will discuss how the plans announced by Wal-Mart deal with the global responsibility. Moreover, how should government involve in this situation. Problem: Low-wages for the Employee 1. Milton Friedman According to Milton Friedman, an American economist and philosopher, the most important social responsibility of a corporation is to maximize profit for its owner- stockholder (Friedman, 1970). He suggested that if a corporation put the focus on being socially responsible, it would make the corporation less competitive with those competitors who did not put much focus on social responsibility. For the...
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...citizens that are allowed to possess them. My position is that guns are an important part of personal safety for law enforcement officers and military. People also use guns for hunting which provides for their family..I believe guns help you protect yourselves and people have a right to do that. Law enforcement and military also have a right to own guns because they are trying to protect our country. If you try to ban guns you can not assure that people will not get them and criminals would still find a way to get them, which would mean a citizens would be prevented from protecting their families and property from a criminal because guns are banned. Keeping this in mind, we do need to have...
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...12/20/2015 Impact Of Employment Law Employment Relationships Law Employment Essay Impact Of Employment Law Employment Relationships Law Employment Essay Done: Mohammed AlKoohaji Section: An introduction: Employment is defined as a give and take relation between employer and employee, which result in the formation of an agreement resulting in the payment of a definite amount at the completion of the term of agreement, agreed by both the parties. Employment relation is thus affected by various factors as follows. Terms of employment. Place of employment. Payments as per agreement. Mode of payment. Amount agreed for payment. Completion of term of employment. Following of set of rules and regulations of employment. Benefits and losses following the employments conditions. Working conditions. Laws related to employment. Terms of employment. Rules and regulations related to employment. Market rate of employment. Inflation. Government directions. Thus, from the above the two major factors that impact the employment relationship are as follows. Internal factors: The two major internal factors that affect the employment relationship are as follows. Place of employment: http://www.uniassignment.com/essaysamples/law/impactofemploymentlawemploymentrelationshipslawemploymentessay.php 1/8 12/20/2015 Impact Of Employment Law Employment Relationships Law Employment Essay If the place of employment is far away from the residence of...
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...In the society, we as citizens of the United States live today has a duty being civil disobedience. It is the meaning of breaking a law that is to believed as immoral or unjust to a fellow citizen. Throughout the years starting from the year of 1848, the idea of civil disobedience has been progressively developing within our nation. This conception has been established by allowing Americans fulfilling their duty of civil disobedience by engaging in amicable protest and armistice demonstrations to perpetuate the injustice that is being provided. Withal, in the essay “On the Duty of Civil Disobedience” written by Henry David Thoreau, the author believes that it is the citizen’s duty to practice civil disobedience to demonstrate the unjust laws that are being presented from the government. Thoreau states that the fellow citizens should demonstrate civil disobedience when it “requires you to the...
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...MID TERM EXAM – PLEASE USE THIS DOCUMENT FOR ANSWERING THE QUESTIONS AND THEN CUT AND PASTE ONTO THE ONLINE EXAMS – The exam has five long essay questions worth 20 points each. Each question should be a minimum of three paragraphs of academic information. PLEASE READ THE UNIT FIVE LECTURE PRIOR TO TAKING THIS TEST and REFER TO THE DEPARTMENT OF LABOR WEBSITE ON THE FLSA. * Refer the Unit Lectures, readings & resources and credible sources from the Library or internet to support your responses * Cite any information that you reword, restate or quote in accord with APA guidelines * It is highly advisable to first answer the questions in a Word document and then copy and paste into the exam * Grading rubric can be found in Course Information * Do not cut and paste from sources but use your own words based on the academic data. You can use quotes when you feel it is appropriate. When you quote, restate or reword you still need to cite the data. Safe Assign may be used to prevent plagiarism and to create opportunities to help students identify how to properly attribute sources Question One: Explain what the Job Analysis process is and why it is so important. Remember that the exams require two to three substantiate paragraphs. Research the question first and then answer the question with appropriate academic citations. The job analysis is a process conducted by HR used to identify and determine a particular jobs duties and requirements of that...
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... 2- Read Case Application 1, “Lessons from Lehman Brothers: Will We Ever Learn?” at the end of Ch. 5 of Management. Discuss the scenario with your team. Discuss the second, third, and fifth discussion questions at the end of the case with your team. Answer each question based on your team’s discussion in no more than 350 words per question. Click the Assignment Files tab to submit your assignment. 3-1. As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment, it would be said to have fulfilled its ________. social obligation social responsibility social responsiveness social expectation Bottom of Form Incorrect : An organization performs certain...
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...In today’s society people are having hard times finding a job that will be able to allow them to pay for their houses, rent, and other expenses and this is mainly due to the fact that the minimum wage is just not going to provide enough money month to month in order to pay these things off. In this essay I will be describing why the United States should raise the minimum requirements from their current position. Minimal wage means the lowest amount of money that an employer can pay an employee without it being considered unfair payment. Minimum wage has fluctuated and changed many times in the past 40 years. “The minimum wage was signed into law by President Roosevelt on June 25, 1938 as part of the Fair Labor Standards Act of 1938. The first...
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...free in bringing foreign labour. It is upon employers’ choice to employ either local or foreign labours. However, some employers highly demanding on foreign workers in times of labour shortage, rather than raising wages and improving working conditions to attract local labours. In such way doing so, employers are strike in good position by minimum wage for construction labourers as this would lead to reduce in total marginal cost for the whole project financing, thereby increase the positivism to the financial health of the particular project). The newly arrived labour are mostly willing to accept lower wages and lower conditions so their paid is less than local labours even though they perform the same jobs (Michael, 2001 cited in Foreign Workers In Malaysia Construction Industry Economics Essay, 2014). This will unintentionally create a strong threat to local labours which having such high requirement for working in construction industry site with poor image in mind. However, according to (Tey, 1997 cited in Foreign Workers In Malaysia Construction Industry Economics Essay, 2014), there is no actual shortage of manpower on locals, it was because most employer prefer foreign labours especially them who came in illegally who easily exploited as they have no recourse to law and justice. Shortage of local labour in construction industry The demanding nature of construction trade has changed over the years and has led to several new or increasingly prevalent psychosocial risks,...
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...individual workers substitute leisure for income at higher wage rates, the market supply curve of is negatively sloped. 4. Factor A is a major input in the production of commodity B. A price ceiling on A below its equilibrium price will increase the price of commodity B. 5. Industry A uses more capital per worker than does industry B. Therefore, wage rates in industry A must be higher than in industry B. 6. The marginal productivity theory of distribution implies that under universally competitive conditions, the distribution of income is fair. 7. Labor’s marginal revenue product curve in an imperfectly competitive factor market is a mutatis mutandis demand curve. 8. A competitive firm uses two inputs, labor (L) and capital (K). A decrease in the wage rate will lead to a reduction in the quantity of capital employed in the long run. 9. The ratio of wages in competitive occupation Ato wage rates in competitive occupation B is 2. After a payroll tax of 10% in both industries, the ratio of the equilibrium wage rates will increase. 10. Community A has a preferred set of government services relative to community B. Both communities finance their local government services with property taxes. Since property tax rates will be higher in Community A, that community will have lower property values, ceteris paribus. Calculate: Answer each of the following questions, showing your work. 11. The reservation wage for plumbers is given by wr = $200 + 2L, and the...
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...Chapter 29 Essay The government protection was without doubt necessary to improve the lot of the laborer from being taken advantage of by industries; for them to work in safe environments, have fair and reasonable wages, working hours, and compensation. Many industrial jobs were known to be dangerous. Without the accountability of the government, workers risked their lives in hostile working environments. Nothing would be done to protect the workers from these evils unless the government was willing to step in and pass laws to protect the workers and enforce them. In many cases laborers did not have a set of working hours, or compensation for injury in their job. They could be taken advantage of because their bosses had absolute power over them. The laws passed to guard women and children workers are completely justifiable, because women worked just as hard as men in dangerous and tough working environments, and children were made to work in positions not adequate for their anatomy, and logically needed to be protected also. The Massachusetts first annual report of its labor statistics bureau said “There is a peril to life and limb from unguarded machinery, and peril to health from lack of ventilation, and insufficiency of means of escape in case of fire, in many establishments…. These evils can only be prevented by detailed enactment.” Massachusetts hoped to pass the Factory Inspection Legislation which would protect workers by demanding factories have machine guarding...
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...European Social Law Essay “In Western European societies, the dissociation between labour law and the law governing markets, which resulted in the emancipation of the former [from the latter], has been of significant relevance” (Antoine Lyon Caen, translation from “Droit Communautaire du marché v.s. Europe sociale”) Discuss whether and to what extent the ECJ's judgements in Viking, Laval, and Rüffert make it difficult to uphold the division between labour law on the one hand and the law of the (internal) market on the other hand, which - according to Lyon Caen - has been characteristic of labour law in Western Europe so far. Dissociation between labour law and law governing markets Labour law emanicapted from law governing markets Is it difficult to uphold labour law? and law of internal market? Balance the two? Introduction Balance the application of the EU's free movement rules (in particular the right to work and provide services in another member state) with the maintenance of different national social systems How will these freedoms affect trade union rights such as the right to collective action and collective bargaining? For a long time there has been a tendancy to look upon the EC as a guarantor of labour and social rights (particularly by the UK) Globalisation poses threats to national protection of labour law. Creates pressure for race to the bottom. So, supranational action is needed to defeat this pressure (justification for...
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...jobs we get and also the wage rate (Parkin et al 2012). The labour market is a place where workers and employers interact with each other in order labour for wage. Employers in the labour market compete to hire the best labour force while workers compete for the best satisfying job (William E, 2013). The government intervene on this market to regulate workers being exploited from employers, the intervention also create problems for both the workers and employers. This essay will discuss the advantages and disadvantages on government intervention on this market. Firstly, we will discuss the advantages and disadvantage of minimum wage on labour force followed by other government interventions such as taxation. There are several advantages of the minimum wage on workers. The minimum wage could benefit low wage workers (Hui T.W 2013), it could also lead to skill upgrading which will enable workers to earn higher pay is premised on existing skill training and increased opportunities of workers. A general job-specific, professional and executive training course has been implemented by the Singapore government which is being funded to increase workers employability and skills. It also motivates employers to seek improved skill workers which will increase productivity in line with the higher paid wage. Therefore, minimum wages provide a platform to skill upgrading and wage increase whereby enhancing workers to reach their full potential. The minimum wage increases the living standard...
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...human resource management essays related articles and resources Significance of Human Resource Management The Human Resources (HR) function provides significant support and advice to line management. The attraction, preservation and development of high caliber people are a source of competitive advantage for our business, and are the responsibility of HR. Current human resource management essays details... GPJA Newsletter, December 17 2008 (Scoop.co.nz) Campaign for Workers Rights in 09: Unite Union is calling a meeting for union activists and supporters of workers' rights to come to an emergency meeting to start planning action for 09. The 90-day No rights Law and need to continue pushing for the minimum wage to go to $15 an hour are signals of the need for a coordinated effort. Human Resource Management Human Resource Management The focus of human resource management (HRM) is to manage people within the employer-employee relationship (Stone, 1995). However, such a broad definition is unable to distinguish HRM from its predecessor' - Try Searching through 69,000 essays quickly (not getfreeessays.com)! Term Papers On Human Resource Management, Research Papers, Essays Already a Member? Login now to browse the entire EssaysPortal database. Username: Password: Term Papers On Human Resource Management, Research Papers, Essays Staffing and Human Resource Management 1. HRM affects all managers, as its primary responsibilities such as human resource management...
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