When wages rise‚ more workers enter the job market‚ allowing businesses to choose more high-skilled workers. This improves a small-business owner’s opportunity to improve productivity through the use of higher-quality workers not previously available. Some small-business owners might choose to increase wages and decreasing the number of staffers as higher pay can motivate better-skilled workers and increase productivity. A living wage ensures that a worker can pay for basic necessities like housing
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FAVOURTISM IN WAGES IN RURAL INDIA Payment of Wages in India has been protected by various legislations. However‚ the gender disparity with regard to wages has not yet been bridged. Gender discrimination with regard to wages is an acknowledged fact in India. The details by NSSO reflect this favourtism clearly where‚ on an average‚ a woman’s daily wage is Rs.20 less than that of a man‚ though both work equal hours. In the case of daily salary‚ the difference is of Rs.50. Children are even more exploited
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Against Raising Minimum Wage People everywhere are voicing out that we need to increase minimum wage‚ again. They say that an increase will have a minor impact on jobs but there are no facts to back them up. The impact of raising minimum wage has been studied since the beginning‚ and has been concluded that raising minimum wage hurts the poor‚ and helps the rich. Raising minimum wage takes away jobs; especially the low-skilled and young worker‚ keeps people on welfare‚ and also encourages high school
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RIDDING THE WORLD OF THE GENDER WAGE GAP American women have made tremendous amounts of progress down the path to gaining full equality. However‚ women still do not receive equal pay for equal work. There are some who refuse to believe the existence of a gender wage gap‚ but it is a common problem in the United States. The wage gap is the statistical indicator used to indicate the status of women’s earnings relative to men’s. The wage gap is usually expressed as a percentage‚ for example in 2012
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Raising the minimum wage affects all workers young and old. You might might think that receiving more money is a good thing but it actually negatively affects the economy and its jobs. Raising the minimum wage will eliminate jobs because the employer has to pay the workers more so they will hire less and might replace them with computers or robots. Oxford University researchers Carl Benedikt Frey‚ PhD‚ and Michael A. Osborne‚ DPhil‚ stated in a 2013 study that "robots are already performing many
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Minimum Wage Recently‚ in our EAP class we have learned the ten principles of Economics. As we all know‚ the economy is one of the most important parts in every country; it can cause countries to be big or small. The minimum wage affects the fluctuations of the overall economy. Each country has the different levels of minimum wage. Because of the minimum wage‚ the country’s economy is more stable and balanced. In order to understand how the minimum wage influences the country’s economy‚ there are
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REGION | WO No./ DATE OF EFFECTIVITY | NON- AGRICULTURE | AGRICULTURE | | | | Plantation | Non-Plantation | NCR a/ | WO 17/June 3/Nov.1‚ 2012 | P 419.00 - 456.00 | P 419.00 | P 419.00 | CAR b/ | WO 15/June 18‚ 2012 | 263.00 - 280.00 | 246.00 - 262.00 | 246.00 - 262.00 | I c/ | WO 15/July 25‚ 2012 | 233.00 - 253.00 | 233.00 | 205.00 | II d/ | WO 15/May 16‚ 2012 | 247.00 - 255.00 | 235.00 - 243.00 | 235.00 - 243.00 | III e/ | WO 17/October 11‚ 2012 | 285.00 - 336.00 | 270.00 -
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to understand about minimum wage. Minimum wage should be raised because some people need the money. Minimum wage was originally 25 cents an hour‚ which works out to about $4 per hour in today’s money. That minimum wage was introduced as part of the Fair labor Standards Act. The first federal minimum wage laws were passed in America in 1938. Minimum wage should be raised because of crime‚ medical‚ and financial reasons Many might say that raising the minimum wage would increase crime issues.
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worker productivity‚ efficiency‚ and satisfaction‚ and to promote the overall success of the business. Finally‚ human resource managers create workers’ compensation plans and benefit packages for employees. Personnel Management is the development of a set of values that regards individual employees as important productive entities; the conscious utilization of these value judgments in making decisions affecting those individuals; and the acquisition of a pattern of thinking‚ or rational analysis‚ which
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Economics. Some of his famous books include the Communist Manifesto‚ Das Kapital etc. Marxian theories or what is collectively called as “Marxism” is one of the most followed discipline around the world‚ by famous politicians and socialists. The book “Wage Labour and Capital” first appeared in the form of articles in the beginning of the year 1849 in Neue Rheinische Zeitung: Organ der Demokratie‚ meaning New Rhenish Newspaper: Organ of Democracy. This was a German Newspaper started by Karl Marx in the
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