Minimum Wage Is The Price Floor For Jobs Essay - 1239 Words

Minimum wage is the price floor for jobs. Many people are either for it or against it, however not denying the fact that it is very important to employees. Because, minimum wage creates a pathway for workers to sell their labour though getting paid less, businesses willingly hire them and workers gain experiences. Yes, in many ways it can benefit both the employers and the employees but there is always a down side to it. When it comes to revenue businesses can only spend so much and it does not benefit the employees in the long run due to cost push inflations and poverty. A study based on minimum wage jobs from 2001-2012 in UK and Romania indicates how minimum wage have an effect on these countries. Youths are also being affected by minimum wage jobs. The article â€Å"Effects of rising minimum wage: theory, evidence and future challenges† closely examines the minimum wage â€Å"based on the contribution of theoretical and empirical research† in the EU countries such as the UK and Romania, and comparing them to the US. They were able to come to the conclusion of the Uk s minimum wage being slightly higher than the USA at 46%. Largest benefit was the gap reduction in the lower wages and a 5% increase of the lowest revenues. Romania stood out the most out of all the EU for minimum wage evolution and the effect of its policies on the labor market in more reasons than one. Using normal values when looking at an economy with high inflation rate is not relevant. Minimum wage wasShow MoreRelatedMinimum Wage And Its Effect On The Workplace886 Words   |  4 PagesPrice floor is most commonly defined as a government price control that establishes the minimum allowable price that can be charged for a particular good or service (Ragan, 2013). The most popular and recognisable examples of a price floor is minimum wage. Fundamentally, a minimum wage is the lowest hourly wage that employers can legally pay their employees (MCEE, 2008). For much of the past cen tury, the minimum wage has been a controversial subject among policymakers and economists around the worldRead MoreMinimum Wage At The United States1129 Words   |  5 Pagesintended to raise the current minimum wage floor of $7.25 in the United States stalled in Congress. As the November election approaches, many Democratic senate members are placing the issue of minimum wage at the forefront of their election campaigns, hoping to sway working-class voters in their favor. The issue of minimum wage has become a matter of politics, politics which far overshadow the far more pertinent concern of minimum wage’s economic effects. Minimum wage is a complex issue, and understandingRead MoreU.s. Federal Minimum Wage Essay1162 Words   |  5 PagesFederal Minimum Wage is $7.25 per hour. In just two years from 2013, the demanded from advocates for raising minimum wage rose from $9 to $15. However, raising the minimum wage is more complex than simply raising the number of federal sta ndard of pay for employees. Relative control groups and other market activities play a part in the outcome of the minimum wage. For example, one instance of market activity was observers said that raising the minimum wage did not hurt individuals; however, wages wereRead MoreThe Minimum Wage Is A Good Or Not? Essay1265 Words   |  6 Pagestopic of minimum wage. What is it? Why people talk so much about it? Why should you care about that topic or even pay attention to that? This paper will try to answer the question of why increasing a minimum wage is a good or not so good idea. I. Definition and history of the minimum wage. Let’s start with the definition of the minimum wage. Minimum wage is defined as a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job (Minimum Wage 2015)Read MoreAdvantages And Disadvantages Of Price Control1467 Words   |  6 PagesPrice controls are a type of government regulation used to establish a maximum price that can be charged for goods and services. Price controls have both advantages and disadvantages for consumers and producers. Price controls prevent money loss on both sides and help find an equilibrium for producers and consumers in the market. There are two different barriers to price controls: price ceilings and price floors. A price ceiling it put in place to regulate how high of a price can be charged for aRead MoreMinimum Wage And The Wage1437 Words   |  6 Pages Minimum wage was established on October 24, 1938 after President Roosevelt signed the Fair Labor Standards Act. (Grossman) Minimum wag e was set to allow working class citizens an opportunity to work a reasonable amount of hours for pay that would enable individuals to maintain a minimal quality life. In today’s economics minimum wage is used as a price control or price floor that the government enforces. A price floor is a minimum price for a product or service above the market’s equilibrium priceRead MoreRaising The Federal Minimum Wage1225 Words   |  5 Pages Study shows that wage increases do lower poverty, by 2.4% if wage at $8.00, consistent with other studies. (Washington Post/ Arin Dube) 1. Raising the federal minimum wage doesn’t cause substantial unemployment as most economists agree, including over 600 economists who wrote a letter to Congress urging a wage increase, and the Economic Policy Institute. A. Identify shortcomings of the opposition (fallacies they make, or weaknesses in the evidence they use) 1. Arin Dube’s study would be great,Read MoreMacroeconomics: Should Minimum Wage Be Raised?823 Words   |  4 PagesCase for More Than the Minimum Wage, written by Peter Coy on February 13th, 2014. The article starts with talking about President Obama’s 2014 State of the Union address calling for an increase in the minimum wage to $10.10 per hour. There was also a reference in the 2013 State of the Union address, but at that time it was to raise the minimum wage to $9.00 per hour. Where do these numbers really come from? Are they arbitrary or is there an economic rationale? The minimum wage has been on politicalRead MoreMinimum Wage : Low Skilled And Young Workers1553 Words   |  7 PagesIntroduction Minimum wage, a program created to help the poor, has every contrary effect to its well intentions. Throughout the history, people who hurt the most during minimum wage hikes are the low-skilled and young workers. Drastically raising minimum wage is meaningless as high inflation usually comes alongside with wage increases. Past economic statistics have shown that the rate of increase in inflation usually outpaced the rate of increase in minimum wage. Thus, the real value wage workers receiveRead MoreHistory of Minimum Wage1137 Words   |  5 Pagesdefinition of Minimum Wage is â€Å"an amount of money that is the least amount of money per hour that workers must be paid according to the law† (Minimum wage). Minimum wage, like other laws, are used to keep the economy in line. Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. (Linda Gorman) Minimum wage puts a price on the ser vices one offers. Many different principles can be used to explain Minimum wage and explore

The Contemporary Hospitality Industry Free Essay Example, 4000 words

Chippies, and fish and chips fast food and regular restaurants are also quite popular in these establishments can range from one-person operations in a tiny little booth, such as those found in the small narrow lanes of York, two large seafood establishments, which can seat up to a hundred people and provide banquet and catering services. The smaller operations are generally family-owned, while many pubs have been taken over by corporate groups. Large restaurants are generally incorporated and stockholder owned. Catering companies also have a huge range for size, from one-person or family operations to very large operations offering services to conventions, large companies and airlines. One can conceivably visit the UK without ever realizing that theres a catering company involved, as many seem to work behind the scenes, such as supplying food to airlines. Pubs comprise a huge portion of the British hospitality industry, according to the British Beer and Pub Association/ their cont ribution to the GDP is more than 34.9 billion British pounds sterling. Pubs are the social gathering places in the UK, especially near the universities and in small towns. We will write a custom essay sample on The Contemporary Hospitality Industry or any topic specifically for you Only $17.96 $11.86/pageorder now Pubs reported in 19 . 9 billion British pounds sterling revenue from the sale of beverages. The rest of the 34.9 billion pounds contribution to the economy was for food. According to Hospitality News, â€Å"Customers eating ( £20.1b) and drinking ( £15.9b) out of home are the largest chunk of turnover according to the report, while business related expenditure such as rail or coach travel accounts for around a third ( £10b). † (Hospitality News 2007) Accommodations, on the other hand, contributed a mere 10.5 billion British pounds sterling to the economy. Social clubs and gambling establishments contributed another five or 6 billion British pounds Sterling. â€Å"  The hospitality industry employed 1.6 million people in the UK in 2002.*   Employers in the hospitality industry range from restaurants, hotels, pubs, clubs and bars and contract catering.   Restaurants were the largest employer in 2002 with 508,483 employers, representing 30% of the total hospitality workforce.   Hotels employed 279,785 people (17%).   Pubs, clubs and bars employed 261,130 people (16%).   Contract catering employed 192,298 people (12%).   Hospitality services** and second jobs in hospitality form the remaining 25%.   Employment in the UK hospitality industry 2002    † ( William Reed Ltd. 2006) Considering the above information from a report in 2002, we can extrapolate certain totals for 2007.

Is There A God - 2247 Words

Is there a God or is he just a myth? The world has been searching for God for ages and philosophers and atheists have debated about this topic. The word God itself is a huge controversy. Is there a God and if He is there why do we still have evil around, where is He? These are the general questions asked by man. On the other side atheists would say that there is no God for the universe evolved by itself and we came into being by accident. But the real question is how can we come into existence by just â€Å"itself† for the word itself does not make sense. In order for the universe to begin or have been created someone must have exited in the beginning and thus all the others have existed there after. There is someone with perfection and intelligence for the other natural bodies have acquired that fraction of qualities. I believe that the word God is just not God it’s the supreme power through which all beings have come to pass. Great Philosophers, Thomas Aquinas, David Hume, St. Anselm and Karl Rahner, of their time have given their viewpoints on the existence of God being teleological, oncological and affirmation where St Aquinas has the highest degree of argument on the existence of God and I affirm Aquinas words on the existence of God. My first admission in the existence of God is based on Aquinas’s argument. Aquinas arguments demonstrates the existence of God by stating that there are natural things that lack intelligence and thus do not have a purpose and maybe have theShow MoreRelatedGod s God : God813 Words   |  4 PagesGod being in control and intimately involved with His creation is essential to our faith as Christians. This belief impacts all Believers regardless of vocation however it is especially important for those of us going into ministry as pastors. â€Å"I used to ask God to help me. Then I asked if I might help Him. I ended up asking God to do His work through me.†(Hudson Taylor) Throughout all of Scripture we see God alluding to the truth that He created all things and is at work in all things and ultimatelyRead MoreLord God, God And God851 Words   |  4 Pagesthe supreme being: God and Lord God. While God and Lord God both have immense power and the unique ability to create, th ey are separate characters with separate personalities. Lord God is like a Greek anthropomorphic god with human desires and limitations, whereas God is an all-powerful abstract being of pure spirit. Lord God, like a Greek anthropomorphic god, has a human form and body. We first learn about Lord God in chapter two, the second creation story. Firstly, Lord God â€Å"formed man from theRead MoreThe God Of God1504 Words   |  7 Pageswas the god of creation. He was round and monstrous in size. Nobody knows how he came to be, but nobody ever dared to question him about it, even when they were given the chance. This was because Mundo was rude and aggressive, but, contrary to what many believed at first, he still had feelings. Mundo began to feel very alone after the first few days of being by himself. He had nobody to talk to and began to feel very gloomy. Then he had the idea to create something to fix his loneliness: gods. If heRead MoreGod s God And God762 Words   |  4 PagesGod created the earth for human beings to have peace and a close relationship with God. He does not expect the human race to rebel. The Abrahamic covenant was god’s response to the sin and rebell ion. God promises land, promise of many descendants, a promise on blessing Abraham, and blessing and curses others. When you begin reading the second book of the Bible, Exodus, and the children of Israel had become a nation down in Egypt. They had become virtual slaves in bondage, but God did not forget HisRead MoreThe God Is Blessed By God1313 Words   |  6 Pagesour lives we hear people saying, God has blessed me or I am blessed and most of the time the first thing that comes to our minds is success. We immediately relate blessings to something great. The most common understanding of what it means to be blessed by God is that we receive good things from Him. In this case, we can say that everyone, believes and non-believers receive blessings from God. However, we should ask ourselves this: are the blessings from God only limited to materialistic thingsRead MoreJesus, God, And God1291 Words   |  6 Pagesbeings: he was God s son. He was all man because he had a growth, development and limitations as a normal human. But he was also every god. In the Bible certain details and evidence for this claim is. Throughout his life he never sinned, forgive sins and God did. In addition, he called himself I am like God because Jesus, God the Son, and God the Father are one. Moreover, Jesus shows the union of God with humanity. He had three purposes; be the prophet who spoke the word of God to the people,Read MoreIs God A True God? Essay971 Words   |  4 Pages I believe that there is a true God who is involved in the world. If it would not be for our God who is keeping everything under His control, the world would cease to exist. God is the one who created this world. He is the only being who is eternal. God was not created. He created the world and continues to be very much involved in it. God created everything in this world from nothing. Then He formed man from the dust of the earth. After He formed man, He breathed into him theRead MoreJesus : The God Of God1408 Words   |  6 Pagesthe Son of God, etc. but the true meaning behind His name will only be determined by the faith and revelation. Scholars on this subject have tried to search the truth among the Scriptures, the Dead Sea Scrolls, and other canonic books. One thing that it is found in common is the coming of a messiah, a chosen man by God who will change the world. When God created humankind, He placed in the Eden, His primeval messiah, and he was appointed to represent Him on earth, but Adam failed to God and made theRead MoreThe Word Of God : God964 Words   |  4 Pagesthat when God spoke for the first time, Life, in the form of an energy called light, illuminated the universe. In that moment of time, darkness was the present condition across the expanse. The darkness could not understand the light and thus fled as God expressed his sovereign will through the spoken Word. The declaration of His Word brought forth light. This original light inundated the cosmos with life. Therefore, we conclude that life in the universe exists by the verbal Word of God. The writtenRead MoreGreek Gods And The Gods1528 Words   |  7 PagesAfter Hephaestus falls out of Zeus’ good graces, Thetis is able to lend her helping hand, displaying the hierarchical dynamic between the gods. The gods are indebted to each other, the likely reason that Hephaestus felt as though he needed to make Thetis the ornate shield. The duty and obligation to each other fuels the mutualistic relationships between the gods. Thetis’ motivation to help Hephaestus was not solely out of kindness; rather Thetis saw the opportunity to make a strategic move and put

Drug Testing for School Athletes free essay sample

Drug use in school athletics has become a substantial problem in today’s society. With the rising pressure to succeed and the high level intensity in athletics, it does not come to a surprise that so many student–athletes are giving in to drugs. Many schools that are faced with drug use are turning to mandatory drug tests for student-athletes; however mandatory drug tests are a violation of the Fourth Amendment, the Fifth Amendment and drug testing reverses the legal principle of innocent until proven guilty. In order to protect the rights of the American people, drug testing student-athletes without suspicion and without sufficient evidence should not be introduced into school athletics due to the fact that it violates the Fourth Amendment and the Fifth Amendment of the Constitution. Without suspicion of drug use, schools cannot require drug tests of athletes, because it violates their Fourth Amendment right. According to the US Bill Of Rights: â€Å"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause. † (Cayton). This means that you need probable cause or suspicion of drug use before you can require a drug test of someone. School athletes should not be subject to unjust searches based on non-existent evidence. The searches would be both unlawful and unreasonable thus making the policy unconstitutional. Nevertheless, there are many people who oppose this policy, and believe that student-athlete drug testing is needed to protect the common good and ensure the safety of everyone (Mikula). However, no policy should be able to violate the constitution and infringe on the student’s privacy. An example of this is from a court case involving a Texas School District. The Texas School argued that they needed a policy to test student-athletes for drugs to help control the â€Å"drug crisis† going on at their school. The court ruled that the school failed to demonstrate the need for drug testing without suspicion and the policy was deemed unconstitutional by the court (American Civil Liberties Union). Schools cannot test student-athletes without suspicion because it’s unlawful, unreasonable and unconstitutional. Drug testing of school athletes reverses the legal principle that we are innocent until proven guilty which thus going against one of the most fundamental concepts of criminal law. In the  Fifth Amendment it states: â€Å"†¦nor be deprived of life, liberty, or property, without due process of law†¦Ã¢â‚¬  (Cayton). This statement implies that it is guaranteed to us that we are to be assumed innocent until proven guilty. Some people might argue that schools shouldn’t need overwhelming evidence to ensure the safety of their students (High School and Youth Trends). However, it is clearly outlined within the Constitution that in order to test student-athletes for drugs, there must be compelling, and convincing evidence to base the accusations on or else the due process of law guaranteed to us in the Fifth Amendment is violated (Innocent Until Proven Guilty). Drug testing athletes without probable cause essentially tells students that they are guilty until they prove their innocence by taking a drug test. Without sufficient evidence to base accusations on, drug testing student-athletes is essentially asking them to provide the evidence of their own guilt. This is clearly in violation of the Fifth Amendment which clearly states that no person shall force to provide evidence to prove their own guilt. Within the Fifth Amendment it declares: â€Å"†¦nor shall be compelled in any criminal case to be a witness against himself†¦Ã¢â‚¬  (Cayton). Since the school possesses no such evidence to incriminate the athletes, asking them to submit a drug test is essentially asking them to provide the evidence that will prove their guilt. Some people believe that schools have the right to force students to participate in mandatory drug tests to protect the school as a whole, but in reality the School possesses no right to invade on the individu al rights of the students themselves. An example of drug testing violating the Fifth Amendment is a court case involving a Pennsylvania School. The court ruled the schools drug testing policy unconstitutional because it violated the Fifth Amendment (American Civil Liberties Union). The school was ultimately forcing the students to submit to drug tests without compelling evidence. The students were basically providing the evidence of their guilt which is a violation of the constitution. Mandatory Drug testing within schools reverses the legal principle of innocent until proven guilty and also violates the Fourth and Fifth Amendments of the Constitution. Without suspicion of drug use, there is no probable cause to test student-athletes for drugs, thus violating the Fourth Amendment right to be free from unlawful searches. Drug testing student-athletes without acquiring sufficient evidence to base accusations  on, is essentially asking them to provide the evidence of their own guilt which violates the Fifth Amendment right to protect against self-incrimination. Drug testing without compelling evidence also reverses the legal principle of innocent until proven guilty. Drug testing without pre-existing evidence tells students that they are guilty until they prove their innocence by taking a drug test. In order to uphold and maintain the rules and rights given to us by the Constitution, drug testing student-athletes must be deemed unconstitutional on all counts.