Explain. In my opinion, from an equity theory standpoint, forced ranking performance appraisals would not work for most companies. In some instances, this could be viewed and considered by the employees a tool for companies that is used to eliminate under-producing employees. Such with major production companies whose bottom line is the perception, this approach to monitoring and cutting employees who do not meet certain production levels does not always motivate employees. Some employees will try to produce more for fear of losing their jobs, but this does not provide positive motivation which, in my opinion, is a better means of motivation.
Minimum wage was set so that employees would receive a fair wage for their work. No, it is not time to abolish the minimum wage. If there were not a set minimum wage companies could pay their employees what ever they felt like paying them. Of course, they would not be able to go too low or the employees would just leave and then the company could go under, but it could possibly be lower than what the minimum wage was set at in the first place. The cost of living would have to go down if there were to be no set minimum wage otherwise more and more people would become poverty stricken by the sudden loss of income.
One disadvantage to increasing the minimum wage is the possibility of a continued shortage of jobs. As the minimum wage increases, more people would want to find a job more than ever. This could cause a shortage in jobs because their still wouldn’t be enough work but the demand will be higher. The graph below shows the minimum wages from 1938 to 2007, in comparison to the poverty levels. Even though this problem wouldn’t change by the increase in minimum wage, I believe that this disadvantage isn’t that important at the current moment because it takes a while to rebuild an economy.
There are millions of working Americans trying to support a family with a low wage minimum job. I would like to propose a change related to increasing the minimum wage. There are many people that have been born into poverty and as a result stay disadvantaged because the economic status is below poverty level. Ther also seems to be many single mothers who struggle to raise a family on a minimun wage income. The Hispanic Times wrote an article on how The Minimum Wage would Impact women is another souce I will use to argue why minimum wage should be raised.
Tieaisja Nicole Powell Unit 9 Final Project Minimum wage essay College Composition 2 Minimum wage is considered low income. It affects the lives of people making minimum wage and also small business owners. It affects the employees because the cost of living continues to rise and minimum wage doesn’t. Small business are affected because raising minimum wage would mean they would have to hire less employees and raise the prices on the company’s products. Minimum wage is unacceptable because the cost of living will continue to increase.
Pay/Benefits Good pay and benefits will attract motivate and retain staff within the company. This can impact the start of the employee relationship as if people are feel they are paid and rewarded fairly for the work they do they are more likely to have a higher output. State of the economy In recent years the recession has led to more redundancies and less capital for companies. This can impact on the start of the employment relationship as companies may not have as many succession options for current employees and this will lead to fewer vacancies. Staff may feel demotivated and unsatisfied in the work they do.
Some employers won’t hire women because they know that women will leave to have children in the life and take time of work to do so, while still costing the company money. This sometimes determines employers to have shorter contracts with women and not to pay them as much because they will not have to pay them as much during their maternity leave. This is why some employers won’t employ women workers. Women, until recently did not receive the same levels of education. This meant that they had a lower MRP than their male counterparts.
This number has grown to the greatest level of people in 52 years. ß With more and more adults being laid off from jobs, the average American family is bringing about $50,000 as of 2010. ß In many cases families are more worried about if they will be about to keep their house or be able to provide food for kids. They are not and can’t wonder if they will be able to make enough money to pay for their child’s public education. Argument #3- The federal government is paying $7,500 a year to put children in America through school. ß But, right now 20 million children are currently on the Free and Reduced lunch programs provided by schools.
Most of these people do not get health insurance offered to them or they cannot afford to have the health insurance policy. In America about one fifth of all full time employees live in poverty. The free market sets the wages at a level
A higher minimum wage is detrimental to local economies as well as many workers through increased unemployment, lack of skills and an inability to further careers. Because the American market is free labor, the