Businesses often pay individuals a wage based on current market standards. Free-market economies usually dictate specific wages for various jobs. Governments attempting to subvert market prices can reduce the demand for new workers due to a high minimum wage. Individuals can face a few negative effects from minimum wage laws. Minimum wage increases an individual annual salary, bumping the employee into a higher marginal tax bracket.
I I want to be more intelligent! Today, I will be writing about being more intelligent. I would prefer to be more intelligent than be more popular because I can get better grades, go to a better college, and get a much better job. I would rather be more intelligent because I could get good grades. Intelligent people get better grades because they get higher CST scores.
The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost. Attracting employees to join the company is the better option unless there is a management position that requires exceptional talent to fill the position. Relocation of prospective employees can be costly to the company and there is no guarantee that they will be long term employees of the company. With the company's plans for expansion I would recommend overstaffing. This will allow the company to stock pile talent for future
Once the GDP is determined the GDP Per Capita can also be solved for. To figure out the GDP per capita one must divide your GDP: 140,000 by the country’s population of 500,000 or [140,000/500,000=0.28]. The GDP Per Capita is 0.28. The composition of GDP by percentage is 28%. The way this relates to Keynesian economics: (the theory of the total spending of the economy) is due to its impact of increase in government spending in short run and long run.
The Weighted Average Cost of Capital is the average of the costs of a company's sources of financing-debt and equity, each of which is weighted by its respective use in the given situation. By taking a weighted average, it shows how much interest the company has to pay for every marginal dollar it finances. A firm's WACC is the overall required return on the firm as a whole and, it is often used internally by company directors to determine the economic feasibility of expansionary opportunities and mergers. Also, WACC is the appropriate discount rate to use in stock valuation. No, I don’t agree with Cohen’s WACC calculation.
The researcher conducting this study believes that employees are more productive when they have higher levels of self-esteem. To what extent does the data in Figure 1 support the researcher’s belief? Explain. The data in Figure 1 supports the researcher's belief, that employees are more productive when they have higher levels of self-esteem. It does so, by showing that the higher the employee's self-esteem the more profit is made for the company which can also show that employees are more productive.
Even though union members—those who keep their jobs--- get their wages increased and enjoy improved working conditions and benefits, the economic issues that most unions brings to the United States outbalance the positive effects. As the United States competes with the rest of the world, firms struggle when one of their highest costs is directly related to labor. In the article Labor Unions by Morgan Reynolds, the author accurately explains this phenomenon: while higher wages are successfully achieved, they simultaneously reduce the number of jobs available in unionized firms. This occurs because of the basic law of demand: once prices of labor rise, then employers will purchase less of it. Hence such members’ benefits are achieved at the expense of consumers, nonunion workers, already unemployed people, taxpayers, and corporation owners (Reynolds,
III. What started/could solve the income gap problem? The most commonly named culprits for the income inequality in America such as outsourcing, immigration and the gains of the super-rich. However, they are only diversions from the main issue: the differences in
The researcher conducting this study believes that employees are more productive when they have higher levels of self-esteem. To what extent does the data in Figure 1 support the researcher’s belief? Explain. The above graph supports the researcher's belief, that employees are more productive when they have higher levels of self-esteem. The higher the employees self-esteem the more profit is made which makes the employees more motivated.
The Effects of Socioeconomic Status Socio-economic status is or SES is a classification of an individual’s social and individual status. To determine someone socio-economic status we would need to look into facts such has someone’s income, education and job. Every socio-economic status is different, the higher an individual’s education is the higher their income would be because they have a better opportunity of obtaining a higher paying job; now if a person earns less income then most likely their education level is lower. There are some advantages and disadvantages when it comes to SES. The disadvantage lies more with someone who has a lower income level, some of the disadvantages that I come across are personal health issues, obtaining adequate health care and academic achievement currently and on future generations, Race/Ethnicity and Gender.