Also, the current employees who are making the current minimum wage amount ($8.25) will enjoy the dramatic increase to $10.65. There are managers and supervisors who believe that by paying employees a substantial amount of money for the job they do on a daily basis, the overall work environment will receive a bump in morale. Also, citizens whom reside in the state of Illinois tend to think that the term minimum wage is just for young teens in high school or retirees; but what they fail to realize is that a lot of middle class families attain minimum wage jobs and people graduating from college eventually take on a minimum wage until they are able to attain a job in their career field. To many of those in the low to middle class family income bracket in Illinois, increasing the minimum wage would definitely put more money into their pockets therefore allowing them to provide for their families more than the usual. “A survey was taken in Illinois to determine the age brackets of those that receive minimum wage pay, the information that was found was very interesting.
Lewis 1 Nicole Lewis English 103 Professor Davis 20 April 2015 Raising Minimum Wage In society, a vast majority of people are subjected to working minimum wage jobs, many of which have families to support. Minimum wage jobs were not intended for living off of, but that is no longer the case unfortunately. Some people believe that raising the minimum wage will raise prices, and then lower demand. Though this may appear true, raising the minimum wage in the long run will actually help businesses thrive, thus relieving income inequality, and helping the lives of struggling young adults and families living off of minimum wages. Contrary to popular belief, raising the minimum wage will help business flourish.
Basic flexible budgeting Centron, Inc., has the following budgeted production costs: |Direct materials |$0.40 per unit | |Direct labor |1.80 per unit | |Variable factory overhead |2.20 per unit | |Fixed factory overhead | |Supervision |$24,000 | |Maintenance |18,000 | |Other |12,000 | The company normally manufactures between 20,000 and 25,000 units each quarter. Should output exceed 25,000 units, maintenance and other fixed costs are expected to increase by $6,000 and $4,500,
Once top employees feel that they are no longer mastering, they begin to look elsewhere for a new job opportunity. Tuition assistance programs become highly beneficial to gifted employees because they know that having an advanced degree will enrich their performance on the job, ameliorate their career growth opportunities and allow them to possibly earn more money. (Rodriguez) Analysis: After researching tuition reimbursement implementing tuition reimbursement should be done to retain talented employees which prefer to continuously want to learn and grow within the organization. More employees will be satisfied with the organization and their salary will vary based on their education
Since the begging of the American deficit the American upper class has been constantly gaining ground and earning more and more dollars per capita every year ("Occupy Wall Street"). While on the other hand the middle class has been slowly losing ground on the upper class and the income per capita is slowly decreasing. If the trend continues there will only be an upper powerhouse class and a lower poor class. This angers a large amount of the population. Not only is it just money figures it’s the idea that these middle class students are going to college for several years on a promise that if they get that degree they will be able to live comfortably, and due to the current state of economy this is just not true.
What are the issues for people living in richer parts of the world? 1: housing Population has grown by 7% since 1971 and it will continue to grow. The number of households since 1971 had grown by 30%; this is mostly because people live alone. More people are demanding houses being built because people leave home earlier, marry later divorce and live later. The government want to build 240,000 houses every year until 2016 so that prices do not spiral out of control.
Should the minimum age be raised? One very important controversy most people all over the world are dealing with involves money. There never seems to be enough of it. Minimum wage in the United States is approaching an all-time low. Some believe that raising the minimum wage would hurt people by making it harder to find jobs, when it actually will create more job opportunities for Americans.
Beginning with the affordability of fresh graduate, employer benefits the cost of fresh graduates than hiring experienced person. Following with students work environment their ability and adaptability. Their perspectives, each of the students have different thoughts and ideas. Fresh graduates have adequate knowledge in today’s technology. By hiring new graduates, employers can save money by spending less on training, gain new and fresh ideas from different fields and have employees that are adaptable at multitasking while being more technologically savvy.
According to Newsweek's article "12 Secure Jobs for the Next Decade," a lot of job security is also fueled by demand, so lower-paying jobs do not always imply poor security. Those in jobs with low demand or benefits can be let go or have their hours cut an any time. 1. Employment Security o Although job security is focal to the job in question, employment security applies to dealing with job loss. According to websites such as the Washington State Employment Security Department, employment security is seen as the wide range of services available to those who are without jobs.
Will receiving a college degree improve your career opportunities? Being 32 years old, a mother and wife trying to make a good life for your family is not an easy task. After working for the last 10 years at the same pay rate in a society of ever growing fees, prices and costs for living, you realize there is a problem. You need more money to make ends meet and provide a good life for your family and stability and resources for your future which is the problem. High paying jobs are not popping up like weeds, do you get 2 jobs or try for a new job?