We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Action report 4 - Article Example

Comments (0)
Summary
When the wage is increased, it has various effects in the economy. The increase in the minimum wage leads to job scarcity in the economy. Statistics have shown that 60% of the poor people do not work. Therefore, when the…
Download full paper
GRAB THE BEST PAPER
Action report 4
Read TextPreview

Extract of sample
Action report 4

Download file to see previous pages... The most affected are the young workers looking for the first opportunity to have a job as they have no experience. Also, the increase in the minimum wage reduces the freedom of the American citizens in spending. This is because there will be increase in the price of services and products in the economy (Schmitt, 18).
Also according to the article, “Why Does the Minimum Wage Have No Discernible Effect on Employment,” research has evidently shown that minimum wage has no discernible effect on the employment practice of the low-wage earners. This is because the cost of the minimum wage in most firms is relatively small and that employers have many channels of adjustments. One channel of adjustment is that employers may reduce their expenditures on job training for low wage workers. Employers may also adjust by upgrading the skill level of their workforce and work against the employment of the less-experienced and less-educated workers. Employers in a highly competitive economy may also respond to a high minimum wage by passing the added cost to the consumers in form of high prices (Schmitt, 16).
In conclusion, employers can cut pay to more highly paid workers, shift the composition towards higher skilled workers and accept a smaller profit margin as minimum wage has no discernible effect on employment. As for the workers, they may respond to the higher wage by working harder on the job and reducing labor turnover which enables the employers to save on ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Report 4
Once the goal has been set to achieve a certain goal over fitness the need to assess the progress is necessary. This is the point where fitness assessment is required (Gwen Robbines). There are various types of fitness assessment tests depending on the type of exercise and the part of the body undergoing physical development.
3 Pages(750 words)Lab Report
Leadership and Action
Leadership actions are different from styles of leadership. Leadership actions are individual and are based on a combination of leader's beliefs, values and preferences. It is also related with the organizational culture and norms encouraging and encompassing individuals approach to lead an organization towards complete development.
2 Pages(500 words)Article
Organizational behavior 4
To be able to be effective leaders in the next century, the following leadership qualities must be developed: abilities for decision making given drastic changes in the environment through navigation skills,
2 Pages(500 words)Article
Corporate Social Responsibility (CSR) in action
The benefits of corporate social responsibility are manifold; both – to the organizations as well as to the society at large. Some such benefits
18 Pages(4500 words)Article
Empirical Action Research on Behavior Management Systems
It was noted that this was specifically in relation to the skills of managers as well as the amount of knowledge which was associated with the behavior management. It was found that
5 Pages(1250 words)Article
Unit 6 Assignment/4
Voluntary manslaughter is the killing of an individual that results from sufficient aggravation. The concept of adequate provocation arises from an act
1 Pages(250 words)Article
Action report 1
This article discusses this debate on equality with regards to which of these two parties is most responsible for killing equality. The article is split into four parts: the introduction, the
1 Pages(250 words)Article
Action report 3
Though some people have argued that the differences in mobility are brought about by factors affecting children during their growth: the children’s chances of moving to the upper ranks has not changed (Paul 1). It is
1 Pages(250 words)Book Report/Review
Reading response LN 4
However, it is vital to question why visual humor has not had much emphasis and focus just as the verbal humor. It is at this position that the authors emphasize that a lot of
2 Pages(500 words)Article
Nursing Quality Improvement Action Plan
There is various quality improvement issues related with nursing practice. Taking a visit to a healthcare institution provides a nice exposure for determining the issues, whose quality, need to be improved (Institute of Medicine 2001). After observing the manner by which nurses conduct their activities
3 Pages(750 words)Article
Let us find you another Article on topic Action report 4 for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us