Therefore there will be an approximate 80,000 jobs to be created due to the London Olympics. Even if the Olympics will cost millions of pounds, it has created many jobs. This means that the vast amount of unemployed people will be employed again, which will lead to many people receiving a steady salary or wage. The salaries and wages will mean that more people will have a higher disposable income, which means the will spend more money at local businesses. This leads to those businesses expanding due to more demand, and if more people are spending money the currency will become healthier, meaning a better UK economy.
She argues that companies are the only responsible for people becoming obese because they provide a lot of food just for a little of money probably because companies have found out that big meals produce big profits. Besides the companies are changing their menus in order to produce more profits also companies have been changing their products in order to fit with the new shape of the Americans such as clothing lines and furniture have been adapted to the new Americans’ style. She analyzes that at some point of the life, fast-food restaurants are going to destroy each other by competing in order to have the majority of clients. Brownlee considers that probably small quantities like in the 60’s or 70’s can help people to become healthier and avoid the
Further more , at this point every small business face trade-off , people running small businesses make decision for changes in strategic by comparing benefits and cost at the margin , as long as the marginal profit exceed the marginal cost . It can increase the cost of running the business and to keep their business profit stable, the opportunity cost is that employers may not be able to employ as many employees The higher minimum wage make less skilled workers become useless and benefit the better skilled workers. In the price floor analysis, if the minimum wage is above the equilibrium level, the quantity of labour supplied is larger than quantity demanded .Finally the consequence is unemployment. Therefore the
Because of this and the lack of financial stability, I now work full time in order to pay tuition. If I was not able to get a job due to the economy, I would not be able to attend college, graduate and then have a well-paying job. Because of the cost of education, parents who live in poverty are not able to provide their children with a quality education and when these children grow up and choose not to work and strive for a better education or a better way of living, they will likely remain in poverty. Functionalist theory What purpose does poverty serve from functionalist perspective? Emile Durkheim stated, “The purpose of education is not the same across all societies, but that its purpose in any given society will instead be whatever it needs to be in order to maintain that society.” Even though we do not like
Teresa Graham English 111-0DJ Oct. 19, 2011 Teresa Graham English 111-0DJ Oct. 19, 2011 Working but Still Living in Poverty Many Americans work full time jobs but are living in poverty because of the recession, rising food cost, and government cuts. These situations are making it hard for Americans to make it in everyday life. They have to even sometimes beg for food for their families. So many people living in the United States have full-time jobs but the pay is minimum wage. With the economy in the shape it is, it makes those full-time jobs seem like only part-time jobs.
The effects of unemployment is loss of income, housing and lack of career experience. The unemployed people must depend on government benefits to meet their basic needs . (1 )Many families do not claim mean-tested benefits perhaps they do not know what they are entitled to, or they don’t no how, or want to claim benefits .Because of this, children of this group are vulnerable to poverty. There is a real struggle to find employment as a result of the recession .This can have a long term affect on children whose parents have extended periods of unemployment. (2 )Researchers have found that this can lead to behaviour issues , poor academic performance and these effects can last a life-time.
However the positive effect of a recession for Tesco is that a lot of customers eat out less and eat more at home which give Tesco an opportunity to increase their output and come up with cheaper alternative meals to getting a takeaway or going to a restaurants. Competing Technology I think the use of technology has made Tesco a top competitor in the market. They have capitalised on the use of online shopping and provide a delivery service through their website www.tesco.com, this is very useful for people who may not have time to go to the shops they can simply order everything they want online. Also I think that the ageing population would also find online shopping more convenient if they were able to assess and utilize the website. Tesco have also set up their own mobile service which is growing in popularity.
Supporters argue that it is unfair that people can work hard, and put in a 40 hour work week, but still not make enough to support their families. Critics of the wage increase say that raising minimum wage would force employers to fire employees, lower their hours, or used automated machines rather than human workers. Some critics also contend that the jobs that pay minimum wage do not require skill, are for uneducated workers, and are not meant to support a
Low paid jobs demand people to overexert their self’s never turning off work mode. In sum, it is hard for individuals to draw a boundary between professional life and personal life due to the will to keep a job, a technological leash and low wages. Consider today’s economy in which the job market isn’t all that good, so finding work is a job in of its self. For the most part people once they find a job are willing to do anything in order to keep that job. This could mean working long hours, even not taking a much needed vacation.
These are the pros but there are also cons for raising the minimum wage. Raising minimum wage hurts small businesses. These businesses are in competitive markets and may not be able to afford the wage hike. Hours may have to be cut from employees or maybe even lay offs. Because of this employers may outsource their work to other people who will be more than happy to work for lower wages.