Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania On April 1‚ 1992‚ New Jersey ’s minimum wage rose from $4.25 to $5.05 per hour. To evaluate the impact of the law we surveyed 410 fast-food restaurants in New Jersey and eastern Pennsylvania before and after the rise. Comparisons of employment growth at stores in New Jersey and Pennsylvania (where the minimum wage was constant) provide simple estimates of the effect of the higher minimum wage
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There is a wage gap between men and women that should not be there. According to AAUW.Org “On average‚ women employed full time in the United States lose a combined total of more than $840 billion every year due to the wage gap” Imagine if you had twenty percent more money then you have right now‚ I know I would want the extra twenty percent‚ but as a women that twenty percent is missing from their paychecks. The wage gaps are proving that even today gender equality does not belong‚ but it should
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The wage gap between US and China The importance of international trade increased dramatically for the US as well as China. The ratio of the sum of exports and imports to GDP approximately doubled from the early 1970s to the mid 2000s for the US. And there is a striking feature that China was involved in about 7% percent of world trade by the mid-2000s. There is no doubt that the international trade have influenced the wage level around the world. Do wages equalize between US and China? It
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In respond to : Comparing wage levels – or can we? Calls are growing for a more equitable society with regard to the current debate on whether the minimum wage in Hong Kong should be raised to HK$35 a hour. Before making any conclusion‚ I’d like to make respond to one of the opposition’s view --minimum wage is crippling the businessman. This is an unreasonable and exaggerated argument as the booming rent price in Hong Kong is a wide known significant factor. While it is crystal clear that
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The family wage economy is the area and amount of production it took to provide a family with enough money to survive. During the 19th century‚ most working class families relied on every able bodied member of the household to contribute to the overall wage of the family. Due to this‚ they were driven by a greater need for cash over specific labor within the household. This meant that as soon as children‚ male or female‚ were capable of working‚ they would be expected to work within the household
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The wage penalty for motherhood is loosely understood as working mothers earning less salary than other women without children. It is not a hidden or new concept being introduced. In fact‚ it is almost accepted as normal. It is loosely understood because the reasons for this penalty aren’t well understood‚ yet it is clear that some pay gap exists. The real question is‚ what causes this wage penalty gap‚ and what steps and policies can companies use to reduce a gap that seems to be inevitable? The
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2. What was the wage system that was imposed in the Industrial Revolution? How did this new system of payment affect the new working class? What impact did it have on women and children? How did this new wage system impact factory work and regulations? How did the Wage System impact living conditions of industrial workers? Include all key ideas and themes. A system of paying people based on other factors that affected the price of the product produced and how much money the employers
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Source 3: “The Political Economy of Low-wage Labor‚’’ by Trish Kahle. Trish Kahle is a union activist and historian working under the Department of History at the University of Chicago. This work was published in Chicago‚ Illinois. The purpose of the work is to bring a Socialist perspective on minimum wage. This is a very different perspective‚ as America is usually not referred to as a Socialist state. Its intended audience includes those who hold Socialist ideas‚ and those in the general public
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There is no way of keeping profits up but by keeping wages down. -- David Ricardo‚ On Protection to Agriculture (1820) This essay seeks to go one step further in the context of David Ricardo ’s quote by arguing that totalitarian political systems offer a way of keeping profits up by keeping wages down and inversely‚ in a democratic system wages will have a tendency to rise and thus‚ profits will decline. When looking at David Ricardo ’s quote within the context of both totalitarian and democratic
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Arguments for and against the National Minimum Wage (NMW) in the UK: stop employees being taken advantage of by being paid unfair wages by their employers. set a standard of the minimum worth of a worker. This benchmark was set so that employers would be unable to hire any staff for less than the suggested hourly rate. reduce pay differentials between genders. What is the new minimum wage?: In October 2009‚ the NMW for workers increased from: £5.73 to £5
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