Wage Differentials and Wage discrimination Wage differentials are differences in wages such as that between brain surgeons and waiters * They occur between occupations‚ industries‚ firms‚ regions‚ and within these categories * Wage differentials can be explain by supply and demand‚ bargaining power‚ the impact of government policy and public opinion * Over time‚ wage differentials between groups can change * E.g. the gap in wages between premier league players and division
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gives examples of wage differentials. Explain what is meant by the term wage differentials and analyse two reasons suggested by economic theory why wage differentials occur. Wage differentials can be defined as the differences in wage rate for different groups of people and between individuals in the same occupation. For example Premier league footballers get paid an average of £3million a year whereas a nurse who cares for people gets only around £28‚000 a year. Wages are determined by
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According to Benjamin Franklin‚ ‘’ Leisure is the time for doing something useful; this leisure the diligent man will obtain‚ the lazy man never. ‘’ Scientists prove by given statistics that in America‚ people who do an activity‚ leisure and sports‚ everyday is 96.2%‚ and they spend an average of 5.18 hours per day. Leisure‚ or free time‚ is time spent away from obligations and work. Leisure‚ nowadays‚ becomes very actual and trendy‚ with gender equalities and with the modern world of today‚ it becomes
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Discussing arguments in favour and against minimising wage. Just like any other commodity market‚ the labour market consists of the interaction of the demand side (employers/job creators) and the supply side (employees/job seekers). The interaction settles at a market wage rate that both sides of the labour market agree to work with i.e. the equilibrium wage. There are times that the government or an intervening regulatory party assess that the agreed upon wage rate is too low for workers to earn and sets
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Factors affecting Training design An effective training programme should ensure optimum results from the efforts put in designing it. Thus‚ one should take into account the key issues before & during the training design that may hamper a training programme .Various factors that have the potential to affect the implementation of the training programme are as follows - * Overall Goals of Training * Define the fundamental goals of training. Identify the domain of learning to be targeted:
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most appropriate source of financing these activities from various sources available like equity‚ preference shares‚ debenture stock‚ term loans from banks or financial institutions‚ short term borrowings‚ supplier’s credit etc. The various factors determining the capital structure of a firm are as follows‚ a) Leverage or Trading on equity b) Retaining control c) Nature of the enterprise d) Size of the company e) Purpose of financing f) Period of finance g) Market sentiments h) Cost of capital
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Determining risk factors‚ consequences‚ and protective measures of Body Dissatisfaction and Eating Disorders Determining risk factors‚ consequences‚ and protective measures of Body Dissatisfaction and Eating Disorders Body image is an individual’s perception of his or her own body in terms of sexual attractiveness. Human society has emphasized on beauty of the human body for a long time. However‚ an individual’s perception of their own body may differ from society’s standards‚ thus
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DIFFERENTIAL EQUATIONS: A SIMPLIFIED APPROACH‚ 2nd Edition DIFFERENTIAL EQUATIONS PRIMER By: AUSTRIA‚ Gian Paulo A. ECE / 3‚ Mapúa Institute of Technology NOTE: THIS PRIMER IS SUBJECT TO COPYRIGHT. IT CANNOT BE REPRODUCED WITHOUT PRIOR PERMISSION FROM THE AUTHOR. DEFINITIONS / TERMINOLOGIES A differential equation is an equation which involves derivatives and is mathematical models which can be used to approximate real-world problems. It is a specialized area of differential calculus but it involves
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sills and dykes cause a blockage that leads to a build up of pressure and eventually to a violent explosion. The severity of volcanic hazards depends greatly on where they occur as location brings about many factors that determine how much of a threat the volcanic processes pose. One of the factors is the weather. For
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Sutherland ’s Differential Association Born August 13‚ 1883 in Gibbon‚ Nebraska‚ Edwin H. Sutherland grew up and studied in Ottawa‚ Kansas‚ and Grand Island‚ Nebraska. After receiving his B.A degree from Grand Island College in 1904‚ he taught Latin‚ Greek‚ History‚ and shorthand for two years at Sioux Falls College in South Dakota. In 1906 he left Sioux Falls College and entered graduate school at the University of Chicago from which he received his doctorate. (Gaylord‚ 1988:7-12) While attending
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