Introduction The fixed-linkage system was implemented in Hong Kong since 1983. The interest rates and exchange rates of Hong Kong therefore are closely related to U.S. This report is conducted to examine the influence of U.S. and Hong Kong interest rates and exchange rates movements on Hong Kong economy‚ the stock markets and the property markets. 1.1 Hong Kong exchange rates Before the implementation of linked exchange rate system‚ the Hong Kong exchange rates were volatile. During the period 1981-1984
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Wage problem is an important topic that is related to sociology and economics and it is also an important part that ordinary people are close interested. As the currencies performance of the value of labor‚ wage is the main source of the workers’ life‚ maintaining the survival and development of every worker and their family members. However‚ it is also the material basis for social stability. The minimum wage in the form of a national law to impose an important guarantee for low-income groups of
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Minimum Wage Is Not Enough! Raising minimum wage in Pennsylvania would help those who cannot afford to pay their bills or buy food for their family. Yes‚ we know businesses do not want to raise the minimum wage because it is less money for them‚ but what about the people does the company not care about their workers. All people are saying is to raise the minimum wage to $8.00 an hour. It’s not much‚ but it would give people a little bit of extra money to pay for bills or buying groceries for their
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The Minimum Wage Debate May 3‚ 2013 Economic Consequences of Policy Analysis/Spring 2013 Alohalani Pickett Ayo Wilson Franklin Johnson ------------------------------------------------- Background Minimum wage laws set legal minimums for the hourly wage paid to certain groups of workers (Gorman). Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. In the United States‚ workers are generally
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Minimum wage was established in 1938 by congress under the Fair labor standard act. As a result of the great depression; President Franklin D Roosevelt signed the FLSA into law to stimulate social and economic growth. The FLSA among other benefits afforded employees in 1938 a $0.25 cent per hour minimum wage. As of July 24‚ 2009 the federal minimum wage is $7.25 per hour for non-exempt employees. President Donald Trump has taken the stance of keeping minimum wage at $7.25 per hour. President Trump
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The Minimum Wage Debate Business Ethics: The Minimum Wage Debate Minimum wage is defined as the lowest amount that employers can legally pay their workers per hour of labor. Most states have laws in place to enforce the minimum wage; those that do not are subject to the federal minimum wage of $7.25. There are both benefits and drawbacks of this type of policy. Many supporters of a minimum wage believe it increases the standard of living and reduced poverty. Those that oppose a minimum wage
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Export and Import Practices Hong Kong’s cosmetic and toiletries market had an estimated value of $787 million in 2002. With little domestic production of cosmetics and toiletries‚ Hong Kong relies on imports from China‚ Japan‚ the United States‚ France‚ Singapore‚ Malaysia‚ and Taiwan. Industry sources expect import growth to continue in the coming years despite the economic slowdown in Hong Kong. The constant demand from mainland Chinese tourists will also drive the growth of imported cosmetics
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federal minimum wage was introduced in 1938 under President Franklin Delano Roosevelt during the Great Depression. It was set at a quarter‚ which is about $4.11 in modern America today. The minimum wage has been increased twenty-two times by Congress; the most recent increase was in 2009 when it changed from $6.55 to $7.25. There are twenty-nine states‚ including Washington‚ D.C that has a minimum wage higher than the federal minimum wage. Around 2‚561‚000 workers earn the federal minimum wage or below
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AEIS-112 Argument Paper #2 Prof. James McClendon 4/28/2014 Globalization tidal wave of Hong Kong Tina Tong (2014‚ April) offers several valid reasons to oppose free trade and globalization in Hong Kong‚ the People’s Republic of China. First‚ Tong claim that globalization is changing Hong Kong traditional culture. Tong also explains that immigration problem is the important social problem in Hong Kong. While these are sound reasons to oppose free trade and globalization‚ there are also several
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2014 Minimum Wage in the United States The minimum wage in the United States was established in 1938 under the Fair Labor Standards Act‚ and has been amended numerous times since the original wage of $0.25 per hour; the current federal minimum wage is $7.25 per hour. The act makes it illegal to any employer to pay an employee under a federally mandated minimum wage‚ as well as regulates child labor and overtime hours and wages (DOL). In the past few years the debate on whether the minimum wage
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