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A single expense such as house rent is capable of taking up almost half of one’s salary. Businesses can also abuse the work-market since minimum wages ensure that businesses give their employees a reasonable sum of money to pay the bills, whether one is skilled or unskilled. Minimum wage, finally, forces businesses to share their vast wealth with the producers of the wealth. Some executives take millions home in bonuses even when a company posts a loss. Therefore, it is not much to ask that they give the employee at least a guaranteed set pay.
a) Economics’ most fundamental principle is demand and supply and, in the case of labor, supply of workers normally goes up with the appreciation of wages, with the demand for workers going down with an appreciation in wages. An employer backed, into a corner, to pay a certain amount of money to a janitor by the government might decide not to employ a janitor, instead making the other employees pick up the janitor’s duties.
b) Setting a mandatory wage limit causes a disruption of the demand and supply market forces (Neumark & William 13). As the minimum wages rise, the number of people in employment drops and vice versa. It is fundamental to remember that minimum wages will only apply if an individual is employed.
c) Many businesses such as automakers have mundane tasks that can be performed by machines. Forcing them to institute a minimum wage structure will lead to increased mechanization. Spending up-front money for this mechanization seems a fair price to pay compared to paying set wages that exclude the rules supply and demand.
a) Outsourcing of jobs eventually leads to a reduction in the number of jobs accessible to the citizens. An increase in labor costs, say in the United States, will lead to the creation of an added incentive to hire labor from Canada and Mexico.
b) Companies facing rising labor costs, further, experience more
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I strongly believe that the decision of war taken by the leaders of different countries of the world is crime against humanity. Our leaders should resolve problems through talks rather than through wars, which kills thousands of soldiers and destroys the happiness of their families.
228). At this point I want to become a rational spender with a view to maximizing savings. However, I have been able to identify the fact that irrational or addictive spending is impeding my ability to become a rational spender. The
eventable death in the United States,2 accounting for approximately 443,000 deaths, or 1 of every 5 deaths, in the United States each year” (Centers for Disease Control and Prevention (CDC), 2011, pars. 1 & 2)
National Tobacco Control Program envisions enhancing public
1. According to Huffington Post’s, Matt Ferner, believes that the legalization of marijuana may raise over 60 million in revenue in a year. Millions of dollars may also be within reach for construction if the drug is regulated
n the region it is located, it offers higher amount of compensation and benefits to employees, Wal-Mart offers high quality products, the organization is a heavy contributor of taxes and the organization protects the environment.
i. When an outlet of Wal-Mart opens up, local
The first one is to allow one’s spirit of wonder to flourish within oneself, while the second holds that every claim one comes across should be doubted until its truth is validated by evidence (Pojman & Vaughn 4).
The common one that is used is a voice technology, a polygraph, that measures various records and measures of physiological indices which may include respiration, blood pressure, skin conductivity and respiration (Brown, Senter, Ryan, & DEPARTMENT OF DEFENSE POLYGRAPH
They decided to return Florence when Michelangelo was still a kid.
Michelangelo was introduced to the painter Domenico Ghirlandaio. He realized at the early age that his son had no concern or interest in the family business, so he agreed to apprentice him, at
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