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 students to drop out. When you look at the facts, is it really worth raising minimum wage? All credible research has come to the same conclusions, and these I will discuss with you.
And last but not least is KIA Motors Corporation. They are also going out of business in 2011. These are just a few of the businesses that are going out of business. There are several more.
the impact of the National Minimum Wage on employment. This is an area we have had to familiarise ourselves with more and more throughout the last ten years because of the controversial effect of its instalment in April 1999 and its ever increasing minimum wage amount which causes most concern. The application of a few statistics should help summarise the ever increasing minimum wage and the sheer scale of people affected by its introduction. The national minimum wage has increased by a staggering….
to go on this way, either. I’ve even thought about separating until things can get better.” Continuing, she adds, “What would my friends and co-workers think if they knew I came in for help?” Vignette # 2 A 72 year old grandmother, Mary, is raising her 13 year old grandchild, Jenny. Jenny’s mother rarely visits with the family as she is involved in a drug life style. Jenny’s father is incarcerated for possession and sale of illegal substances and does not maintain contact with Jenny or Mary….
The Wage Gap in America The wage gap is a serious problem that has consequences for women in America, our two parent families and our single mom households. The government tries to reduce the wage gap between men and women’s earnings and tries to make sure that women’s talents are properly used and rewarded. A lot has been done to relive the wage gap in the past fifty years, but it still is not enough. Women can do things on their own to help close the wage gap. They can get a non-traditional….
Hong Kong had issued an increase of the Statutory Minimum Wage (SMW) from $28 to $30. Setting SMW at an appropriate level is vital to striking the balance between the objectives of forestalling excessively low wages and minimising the loss of low-paid jobs, while sustaining Hong Kong’s economic growth and competitiveness ("2012 report of the minimum wage commission," 2012). To fulfil this aim, the government have decided to increase the minimum wage rate in order for the people receiving the low-paid….