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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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Jules has incorporated a business, The Spree Chocolatier. It has facilities in five major cities in California, Arizona, and Was
Nady [450]

Answer:

Spree Chocolatier would be considered as both the state of incorporation and the state of its principal place of business

Explanation:

The Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business According to federal diversity purposes because based on the information given the Spree Chocolatier which was incorporated by Jules has several of their facilities in five major cities which include California, Arizona, and Washington in which after fulfilling the contract for the 500 fancy desserts for a banquet, the same Spree Chololatier has client in Seattle, Washington which refused to pay which makes Jules to brought suit this means Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business because the state of incorporation and the state of its principal place of business are the 5 major cities in which Jules incorporated his business.

5 0
2 years ago
Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are
blondinia [14]

Answer:

Lily and Daisy

Explanation:

Joint product   Flowers per harvest   Proportion   Joint cost allocation

Tulip                              10                     20% (10/50)       $6 ($30*20%)

Lily                                20                     40% (20/50)      $12 ($30*40%)

Daisy                            20                     40% (20/50)      $12 ($30*40%)

Totals                           50                     100%                  $30

As per above results, both Lily and Daisy received the largest proportion of joint cost.

6 0
3 years ago
why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy
kogti [31]

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

8 0
2 years ago
The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income is $75,000. in computing th
cupoosta [38]

Answer:

the file attached shows the whole explanation. I hope it helps.

Explanation:

Complete question

Compute the depreciation deductions that Hernandez, Jackson, and Twist may claim under the following assumptions. If an amount is zero, enter "0". Do not round any division. Depreciation Deductions Hernandez Jackson Twist Trust

a. Depreciation deduction allocated to corpus. Hernandez$_____ Jackson$_____ Twist Trust$_____

b. If depreciation was allocated to income. Hernandez$_____ Jackson$_____ Twist Trust$_____

c. If the trustee distributed $15,000 each to Hernandez and to Jackson and retained the remaining accounting income. Hernandez$_____ Jackson$_____ Twist Trust$_____

d. If Twist is an estate (not a trust) and depreciation deduction allocated to corpus.

Download docx
5 0
2 years ago
The inventory system employing accounting records that continuously disclose the amount of inventory is called a.retail b.period
omeli [17]

Answer:

The correct option is D

Explanation:

Perpetual inventory is a method of accounting for inventory that records the sale of inventory immediately by the use of computerised point of sale systems.

6 0
3 years ago
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