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ASHA 777 [7]
3 years ago
10

Pick a side and argue for or against raising the minimum wage. Use your knowledge of price floors and find an article to back up

your point of view.
Business
1 answer:
MrRissso [65]3 years ago
4 0

Given statement:

If the minimum wage from 1961 had been adjusted for inflation, it would be $22 per hour today. The Massachusetts minimum wage will rise to $15 an hour over five years, and a new paid family and medical leave program will be introduced, under a bill Gov. Charlie Baker signed into law. Massachusetts is now the third state — after California and New York — with a pay floor on the way to $15 an hour. The Massachusetts Budget and Policy Center, which advocates for higher minimum wages, has estimated that a quarter of the Massachusetts workforce — about 840,000 workers — would see raises as a result of a $15 minimum wage by 2023. Opponents of higher minimum wages say they just increase labor costs, which force employers to then raise prices and/or cut other wages, benefits or jobs. Some proponents of higher pay floors also worry about the untested $15 minimum in locations outside high-cost labor markets. The new law will also raise the minimum wage for tipped workers, over five years, to $6.75. In addition, the measure — over the same five years — phases out time-and-a-half pay for Sunday and holiday hourly workers. Massachusetts and Rhode Island are the only states that mandate time-and-a-half for Sunday workers.

Explanation:

NEED OF INCREASE IN THE MINIMUM WAGE PER HOUR IS BASICALLY FOR :

  • Most skilled workers— which are widely considered middle-class jobs are struggling today to get by with less than $15 an hour and gaining from a minimum wage of $15.
  • A 35-year-old woman with certain high-school courses, who is fully active, would benefit from a minimum wage of $15.
  • The advantages of gradually reducing the minimum wage by $15 by 2024 are broad, raising wages for the tens of million workers and reversing increasing inequality in terms of pay for decades.

Raise in the minimum wage because,

  • Grading the national minimum wage to 15 dollars by 2024 would increase the pay of nearly 40 million workers, representing 26.6% of U.S. staff.
  • Affected workers who work every year earn 3000 dollars per year extra— enough to make an enormous difference in the lives of an early teacher, accountant, or fast-food workers who are unable to get to 20,000 dollars per year today.
  • The minimum wage in America would be risen to $15 by 2024 for 2/3 (67.3 percent) of the working poor of America.
  • A $15 minimum wage will start reversing the increasing pay gap between low-paid and middle class decades. Growing disparity between women at the middle and the bottom of the wage distribution since 1979 reflects, for example, the inability to increase the minimum wage sufficiently since 1979.4 .
  • In 2024, a minimum salary of 15 dollars would provide employees with $120 billion in higher pay and help their neighborhoods too. As lower-paid workers spend a large proportion of the extra revenues, this wage injection will help boost the economy and stimulate increased business activity and growth in employment.

The principal benefit is that the country's economy as a whole will gradually grow. In all opportunities and in all changes, the country must rise together.

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Alchen [17]

In business, it is important to establish your credibility from your first day on the job.

Gaining a reputation enables you to speak more persuasively and with greater ease. Work results and financial success are significantly impacted by the degree of trust in working relationships.

<h3>Why is it important to gain credibility?</h3>

Employee mistrust and disengagement are caused by ineffective leadership, which affects the organization's revenue as well as its reputation. According to studies, a leader's trustworthiness affects employee engagement, which in turn affects the performance and productivity of the firm.

your well-deserved reputation as a reliable person who does their work well cares about the people they work with and for, upholds high moral standards and values both personally and professionally, and keeps their word. The extent to which others trust or believe in you is referred to as credibility.

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7 0
1 year ago
The transactions of Spade Company appear below.
torisob [31]

Answer:

Please see the required journals below.

Explanation:

a. Owner's investment in business

Debit Cash $18,750

Credit Common Stock $18,750

b. Purchase of office supplies

Debit Office Supplies $544

Credit Cash $544

c. Purchase of office equipment on credit

Debit Office Equipment $10,369

Credit Accounts Payable $10,369

d. Receipt of fees for services provided to a customer

Debit Cash $2,212

Credit Fees Earned $2,212

e. Payment of office equipment purchased on credit

Debit Accounts Payable $10,369

Credit Cash $10,369

f. Fees for services provided to a customer

Debit Accounts Receivable $3,975

Credit Fees Earned $3,975

g. Payment for monthly rent

Debit Rent Expense $515

Credit Cash $515

h. Collection of partial accounts receivable in (f) above

Debit Cash $1,670

Credit Accounts Receivable $1,670

i. Withdrawal of cash for personal use

Debit Drawings account $1,100

Credit Cash $1,100

5 0
3 years ago
What is breach of contract?
Gwar [14]

Answer:

an act of breaking the terms set out in a contract.

7 0
3 years ago
Read 2 more answers
Regardless of the index we use:
Vitek1552 [10]

Answer:

b. we should get an accurate picture of how all consumer goods and services prices changed from year to year.

Explanation:

Wether it is ased on a fixed goods of goods or based on a changing goods of goods that gets old after time, we should check how is it work with this policy

The goal for the index is to adjust the value of assets by the inflation rate to calcualte the loss for having dollar bills.

6 0
3 years ago
The stock of Nogro Corporation is currently selling for $10 per share. Earnings per share in the coming year are expected to be
V125BC [204]

Answer:

a) required rate of return = 10%

b)Also, if there is no growth then Return on Equity will be equal to the Required rate of return. Hence there won't be any change.

c) a cut in the dividend payout to 25% will have no effect  or impact and as such the stock price will remain the same.

A complete elimination of dividend will not affect the stock price as well.

Explanation:

The question is in three parts and will be answered accordingly

a) The Required Rate of Return = (The Dividend Expected for the next year/ Current Price of Stock) + the Growth rate

First, we calculate the Dividend expected per share for the next year

=earnings per share x Dividends pay out ratio

=$2 /$10 = 20%

Secondly, we now calculate the return on equity as follows

= Expected Earnings Per share / Current Selling price

= $2 x (1-50%) = 10%

The third is to calculate the Growth rate =

Return on Equity x (1 - Dividend payout ratio)

= 20% x (1-50%) = 10%

Using this with the formula of required rate of return

= ($1 /$10) +10% = 20%

b) First the assumption is that all earnings were paid as dividend with no reinvestment and in this scenario, the lack of reinvestment will mean no growth. Also, if there is no growth then Return on Equity will be equal to the Required rate of return. Hence there won't be any change.

c) Because the Return on Equity is equal to required rate of return, it means a cut in the dividend payout to 25% will have no effect  or impact and as such the stock price will remain the same.

A complete elimination of dividend will not affect the stock price as well.

6 0
3 years ago
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