Should the country implement minimum wage? In these years‚ with the effect of the worldwide economic depression‚ many people have lost their jobs and the unemployment rate is constantly high. At this stage‚ the implementation of the minimum wage has become an increasingly active topic. According to Joyce’s study (2012)‚ the countries with a minimum wage generally have a higher economic output. However‚ other voices would argue that implementing the minimum wage could lead to an economic down turn
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------------------------------------------------- In the late 2010‚ the issue of a minimum wage policy has been debated in Malaysia after nationwide picketing organized by the Malaysian Trade Union Congress (MTUC). Prime Minister Datuk Seri Najib asked businesses to embrace “fair and equitable” wage as part of strategy to make Malaysia a high income nation. In this study‚ it is debated on why a minimum wage policy should not be implemented‚ and implications of its enactment. | Minimum Wage: Moving Malaysia BackwardsGroup: Chua Siang
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Minimum wage is a labor standard that sets the lowest wage rate that an employer can pay its employees. Its main goal is to protect non-unionized workers in unprofessional jobs. The U.S. established the first minimum wage to be $0.25 an hour with the passage of the Fair Labor Standards Act of 1938 (FLSA). Over the changing time periods‚ considering inflation and economic growth‚ the minimum wage now stands at $7.25 an hour. One of the biggest debates in the United States is whether the government
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director raises his bat in triumph. Not real life‚ but an inspirational film. "It’s a part of our Vision 2007 campaign‚" explains Niroop Mahanty‚ vice president (HRM)‚ Tata Steel. Adds BN Sarangi‚ chief‚ HR/IR‚ Tata Steel‚ "The idea was to motivate employees to accomplish the impossible‚ like hit a six off Shoaib Akhtar." Or achieve EVA (economic value add) positive status by 2007. The buzz in Jamshedpur is palpable. Tata Steel is not looking at incremental improvement‚ but a quantum jump in performance
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Minimum Wage The minimum wage has been a part of the United States labor system since I can remember. However there has not always been a minimum wage. What were the causes that made out government step in and enforce a minimum wage and how does this affect our economy today? During The Great Depression of the 1930’s there was no national minimum wage or legislation to protect workers. There were few jobs and many people willing to work. This caused wages to drop drastically. People were forced
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Minimum Wage Increase “Americans overwhelmingly agree‚ no one who works full time should ever have to raise a family in poverty…”‚ said the State of the Union in 2014. In 2014‚ fifty-three percent of all people‚ that worked full time jobs‚ year-round‚ that were between the ages of 18 and 64‚ were living at poverty level (U.S Census‚ 2014). People are working their hardest and still not being able to get by. A minimum wage increase could prevent this. With the wage increase‚ people will be able to
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Security system and the Minimum wage in eradicating poverty in Hong Kong. Introduction Poverty has been a hot issue in Hong Kong for several years. Several policies developed form the Social Security system have been adopted by the government for soothing this problem‚ such as the CSSA scheme and the MPF fund. Nevertheless‚ it seems that the poverty problem is getting worse. Voices of demanding the government to help the poor have become fiercer. Recently‚ the minimum wage is also called for guaranteeing
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value of the minimum wage."(Sklar). The low minimum wage is sinking more and more families into poverty.Families who only have one minimum wage worker can’t support their families.Families with more than 2 children struggle to get along. Minimum wage workers are still making less than they did in 1997.The federal minimum wage was enacted in 1938 through the Fair Labor Standards Act. Workers have to adjust to the increased cost of living. The minimum wage today is $7.25. Sitting the minimum so low means
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THE KEY INDICATORS OR FACTORS IN THE MOTIVATION OF EMPLOYESS- A CASE STUDY OF GHANA PORTS AND HARBOUR AUTHORITY BY DOGBEY K. GERSHON ( AC/09/WDS/1064) Abstract The study examined the ranked importance of motivational factors of employees at The Ghana Ports & Harbours Authority Human Resource Department‚Research and Public Relation Department. The hand-delivered descriptive survey addressed ten motivating factors in the context of employee motivation theory. Findings suggest interesting
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“We should raise the minimum wage so that no one who works full time will have to live in poverty‚” once quoted by former president Barack Obama. Raising the federal minimum wage would increase economic activity and spur job growth. We should increase the minimum wage because it would reduce poverty. Increasing minimum wage would also increase worker productivity and reduce employee turnover. We need to increase minimum wage because a higher minimum wage would reduce government welfare spending.
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