If there is no minimum amount the company has to pay, it can save some costs that it might otherwise incur. 2. The company can hire more people at a lower income and in fact decrease unemployment 3. B. Deprives students and low skilled workers an opportunity to make an earning (Rector) 1. Minimum wage actually make low-income citizens and students worse off by pricing them out of a job due to their minimal skill sets and resources 2.
Minimum wage is the lowest hourly payment an employer must pay for his or her workers. To employees, minimum wage laws acts as a protection which employees can insure their own rights and have a reasonable standard of living. Having or raising the minimum wage can also effect other aspects positively, such as, benefiting low-income families, improving the efficient of a total production, reducing the gap between the rich and the poor, and so forth. A partial of people are opposing the concept of having a minimum wage claiming reasons like: it may reduce job opportunities and it can create a more competitive market for the employers. However, in my point of view, I believe setting a minimum wage is more beneficial than it is harmful.
Businesses also suffer when massive layoffs occur. When spending by households decreases, incomes decrease for the businesses. Governments are not immune from the effects of massive layoffs of employees either. When households spend less, and businesses are selling less, there is less sales tax to be collected by the government. Also, when employees are laid off there is less income tax to be collected and to make things even worse, former employees can collect unemployment benefits from the government.
In the first and second quarters of 2012 the earnings were below expectations because of a bad economy and slowing sales of recreational activities. It was determined in Q3 that performing an interim goodwill impairment test was unnecessary after reviewing ASC 350 and this determination was accurate. According to the ASC 350 an interim test is only necessary if an event occurs that would cause the fair value to be reduced below the carrying amount or if the carrying amount is zero or negative. Circumstances that would cause the fair value to fall below the carrying value are things such as macroeconomic conditions, industry and market considerations, cost factors like an increase in labor or raw materials costs, and overall changes in financial performance. There were no significant events or circumstances that would lead Galaxy to believe that the fair value was more likely than not to fall below the carrying value, expect maybe the fact that the market was not doing well.
Many businesses do not realize the consequences of their actions when they hire older, more skilled employees for jobs just to save a few dollars. These businesses are slowly but surely destroying the future of the United States economy because it is easier and less costly to hire older employees that they do not have to spend money training. It is easy to think about how raising the minimum wage could be beneficial, but it is much more difficult to see how such a thing could leave devastating effects on the United States economy. It is important to fully think about the lasting effects of controversial topics such as this one concerning the raising of minimum wage, because there is an enormous chance that they will affect
1.0 points) I would prefer an interest rate that compounds annually. I think it would be best to use compounds annually because the less often it compounds means the less interest you pay. So in other words that means you will save more money. 2. In your Section_5 folder, navigate to and open the Example_Credit_Report, and then answer the questions below.
If other things change, then one cannot directly apply supply/demand analysis. Sometimes supply and demand are interconnected, making it impossible to hold other things constant (Colander, The Limitation of Supply/Demand Analysis, 2010). “In supply/demand analysis, you would look at the effect that fall would have on workers’ decisions to supply labor, and on business’s decision to hire workers. However, there are also other effects (Colander, The Limitation of Supply/Demand Analysis, 2010). “For instance, the fall in the wage lowers people’s income and thereby reduces demand.
The importance of creating healthy and balanced work-life situations may not fall into these categories as the expectation of wage in comparison with hours per week worked does not create a personal or economic benefit. For these individuals working in these fields the expectations will be that they work long hours where possibly the agree wage does not equal out to in terms of time. Many employees get the same wage regardless if they work the 32 hours or 55 hours a week. It is argued that the Fair Work Act does not allow for concessions when it comes to these employees and that many companies take an unfair advantage of this expectation. It is an accepted practice.
More people = more workers = more money. I call this walmartism “Low wages, low values, low prices Always” Since there are millions wanting a job a person will settle for what they can get even if it pays a dollar a day or more. Thus having a stable labor workforce that doesn’t fall or
If it is a result of implicit discrimination due to lifestyle choices, then women’s lower earnings result from the fact that women take more time off when having children or choose to work fewer hours. If it is explicit discrimination, then the gender pay gap is a result of stereotypical beliefs. There is a debate as to what extent this is the result of gender differences, implicit discrimination due to lifestyle choices, or because of explicit discrimination. If it is a result of gender differences, then the pay gap is not a problem; men are simply better equipped to perform more valuable work than women. If it is a result of implicit discrimination due to lifestyle choices, then women's lower earnings result from the fact that women typically take more time off when having children or choose to work fewer hours.