Free Essays on Wage to Get Inspired & Learn by Example - Page 3

I think the government should not control minimum wage and that companies should have the authority to choose how they will compensate their employees. I feel minimum wage makes people less motivated to make a change, further their education, participate in skilled training, or put in an honest days work. When they know their paycheck will always be a specific amount, they have little incentive to push out of their comfort zone and test their abilities.
There are pros to raising the minimum wage. For one, it forces business to share their profits with the employees who helped produce Continue reading...

This exercise pertains to the concept of consumption in economics. And it defines how the quantity of consumption varies with a certain change in demand and in prices. The exercise makes the student to understand the idea that how a certain reduction in the price would lead to an equal increase in the consumption of the consumer. Similarly, it also states the indirect relation of demand with consumption. I have included this exercise in my portfolio, because it has given me a different view to understand the importance of consumers, firms and government in our economic system.
As mentioned Continue reading...

Race and gender gap in the employment market continue to be persistent. Even though the wage gap between blacks and whites seemed to converge quickly in the past, the gap has now stagnated for several years (Altonji and Blank 3143). The wage gap between Hispanic and white has increased among both females and males. On the contrary, the wage gap between genders does not show change during the 60’s and 70’s. The wage gap made visible the differences in employment market outcomes by gender and race. Considerable difference in employment market involvement, occupational location, unemployment rates, job Continue reading...

A 2010 research assessment by the mainstream staff of the Joint Economic Committee of the United States Congress testified that repeated studies have consistently discovered unexplained differences in pay even after controlling for quantifiable factors that are mostly assumed to influence the earnings of men and women. The Committee ascribed this truth to pure gender discrimination. Also, other studies have established direct evidence of prejudice – for instance, more jobs had gone to women when the sex of the applicants was unknown during the process of hiring. Even as higher qualification and education increase the overall earnings of women, in Continue reading...

Multiple Choice Part

1)
This is due to a increasing of unemployment rate. As we know, in 2008 there was a global financial crisis which affects the economy of the U.S. The crisis has an impact on enterprises which were forced to shorten their productivity and labor forces. Thus, labor force participation rate has declined.
2)

A citizen of the country should work on the enterprise of this country (He should participate in GDP forming).

3)
This factor may be the dependence of wages from completed work. It can be, for example, a percentage of sales, piecework wages, etc.
4)

In this case the increase in wage involves the increase in the number of hours an average worker supplies.

5)
Optimal working time is the time during which the employee in accordance with the internal regulations and the terms of Continue reading...

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In the first place, it is necessary to explain what wage discrimination against women is. In the widest sense of the term, wage discrimination is understood to be unequal pay for equal work or differentiation of wages on specific grounds which do not relate to the employee's performance. In the socio-economic theory age, education, and experience are considered to be the main sources of wage inequality. However, even if all of the above mentioned factors are eliminated, pay gap continues to exist due to discrimination on the grounds of gender identity. Such Continue reading...

Introduction

The recession that plunged the economy of Canada into depression ended in the middle of 2009. The economic indicators signify growth of the economy. However, the recovery of the economy is not apparent since the rate of unemployment is still high. The rate of unemployment would be higher had many people not opted out of employment due to the unsustainable wages. There is concern that the economic growth and expansion experienced all over the world does not bring with it any reduction in the number of the unemployed. The recovery of many countries from the 2007 depression is without Continue reading...

Housing is among the largest expenditures for many families. Individuals base the selection of a housing option on personal and external factors, which are uncontrollable. Most students who complete their college studies find it challenging to decide on whether to rent or buy a house.
In the given scenario as a student that is yet to graduate, I am faced with three housing options. These options include moving back with your parents, which is rent free, renting by yourself and remaining single, and buying a home with your fiancé (e). An analysis of the available housing options would assist Continue reading...

The Fast food industry

The fast food industry is among the industries that record the highest turnover rates. Most of the employees in the fast food industry are either unskilled or students. These employees mostly work on either part-time or seasonal contracts. Approximately half of these workers quit within a year of employment resulting in an 85% annual turnover rate in the industry (Fullen, 2008). Very few employees opt for long term contracts or full-time jobs in fast food industry. The workers remain as long as they do not have a better job offer. They, for this reason, keep applying and searching for Continue reading...

Living Wage

I personally live outside of US. For example I will use Glenn Allen town in Fayette County Alabama.
US have a regulation regarding minimum wage. As of 2009, US $ 7.25 is the minimum wage, and all employer should agree to pay that minimum ammount. However, many still receive a lower wages than regulated (“Characteristics of Minimum,” 2013).
Leaving 2009, living costs might never be the same anymore. In Glenn Allen town, a single person would normally spend US $7.42 (in an hourly rate). However, the minimum hourly wage itself is US $ 7.25. It might be a small difference, but Continue reading...