Because many want to work, have family, but no degree; a lot of businesses open their doors when they can monetarily! “By setting an artificial minimum on wages, lawmakers unintentionally raise the unemployment of the most disadvantaged and make it nearly impossible for teenagers and other unskilled citizens to enter the labor pool,” says Stephen Chapman spouting openly concerning the argumentative pay raise(3 Meisner, et al). When the hourly wages go up the small business doors tend to close. Raising the minimum wage does nothing for them other than causing the cost of living to go up, and causes them to pay a little more in income tax. Just those two ideas alone put them having less money in the aftermath of the raise, than they did before this cold remnant of fairness hits too
Immigration policy needs to be carefully evaluated by the United States government (Friedman, 2010). Immigrants have become very vital in the workforce in areas such as construction, restaurants, technology and health care. Immigrants have been known to start businesses than non-immigrants, which contribute to the economy by creating jobs. The United States once saw a need for immigrants; however, once times began to change, immigrants were pushed to the side to ensure that American citizens would be able to maintain jobs. Currently, the population is not seeing the increase as it once did.
Case 4: Wells Fargo, Futures of Banks Issue With the development of the finance market, Wells Fargo focuses on the community bank to increase its market share. It launched a variety of product to satisfy customer’s need. However, this will increase the cost of company, and made it become more focus on the smaller and the value customers, also the resource allocation and investing in R & D may also be challenging with limited capital. Furthermore, the financial regulatory system has more supervision on consumer protection and financial products than before. Meanwhile, although the community bank has a lot of customers who are the families and small companies bring great revenue, the risk of non-accrual loan increased, which is harmful to the whole company because its revenue account for 71% of Wells Fargo.
The economic downturn hit the construction industry hard. Many contractors found themselves without new work on the horizon and/or stuck in one of the many stages of a project. Even before the recession began, payment has been a hot topic in the industry. Contractors would use excuses such as unacceptable product or technicalities of a contract (insurance, hours to be worked, performance) as a means to withhold payment. Contractors have often over-bid the price on projects.
For example, some people from Mexico or other poor countries often choose any kind of work, especially one that pays a minimum wage rate. Some companies like to use these people because “not only they fill the less desired jobs that need to be completed, all wage rates will come down due to the millions of new resources in the workforce” (“Should a path to U.S. citizenship for illegal immigrants be implemented, granting amnesty & American citizenship to illegal after various requirements are fulfilled?” ¶3). However, some people argue that most of illegal worker do not pay enough taxes that could affect the economy of the whole country. In fact, the high tuition of children and low-paying job give more stresses to illegal immigration. Not only two of these, rent, food supplies, and transportation also can bring hardship to their life.
c. Migrants may take jobs of current citizens, putting numerous individuals out of work. d. Immigrants will bring ideas and products to the states, causing a benefit to the nation. e. Cheap labor will be much more easily accessible, but the individuals put out of work will be dissatisfied. f. It should be questioned why local citizens should have the right to jobs and markets before
Dear Editor: Americans are living through difficult times. Americans are stressed over education, lack of job, and poverty. Should people from South of the border be blamed and criminalized in the court of public opinion for trying to have a better life? Illegal immigrants should be able to cross the border because they are an asset to America. They help keep the economy moving, by filling low-wage jobs, it also provides a better lifestyle for them, and millions of illegal’s rent properties in depressed areas, where renters are hard to find.
It is important to mention that it is an immoral action, but it is still a benefit. Continuing with the same example, Mexicans that immigrate to Unites States ignore their rights because they are not legal in this country, so they have to be hidden of the authorities and promote the inequality and discrimination against themselves like immigrants persons. Immigrants also help to the host country to improve its economy, because in the case of the United States almost the 40% of the workers in factories are immigrants and without them the factories couldn’t have the same production. In conclusion immigration has more benefits than damage to the country that receives immigrants. All of it because it makes an increase in the population of the country and in effect the economy of the country also increase by the reason that the factories improve.
In fact, some people argue that these people help in driving important parts of the economy because they willingly accept and undertake the tedious and physical types of manual chores that most Americans would much rather avoid. Such labor boasting long strenuous working hours and cheap wages are positively not on the top of any American’s criteria when searching for employment. Some also report that hose illegal’s that are paying their taxes pay greater amounts than the ordinary American does, and this increase in amount of revenue is beneficial to the nation’s budget use to help improve on such provisions of services like, quality healthcare and Medicare, even though the number of those paying taxes is significantly less than the undocumented evaders. For example, a 2006 report by the Texas Office of the Comptroller found that the state's estimated 1.4 million undocumented immigrants contributed more in state revenues than they cost in state services during fiscal year 2005. The net gain for the state was $424.7 million, according to the report.
But the problem is that illegal immigrants are already taking the jobs of citizens. The benefit of giving these illegal immigrants amnesty is that since they are already working in the United States, there would be a tax increase by being able to receive income tax from them. By taxing them they will help pay for social security, and other government funds that will help the unemployed people find jobs and survive. Many illegal immigrants take jobs on farms and places that U.S. citizens don’t want to work, they do plenty of jobs that Americans wouldn’t want to do. So affecting the number of jobs in the United States is definitely a factor but it is not as significant as people think it is.