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.
The answer to this question is that 30 percent of the total
compensation is the average cost of employee benefits. Employee benefits are
benefits given to employees which is in addition to the employee’s salary or
wages. Employee benefits are also known as fringe benefits or perks of the
employee’s. Having a medical and dental insurances, education assistance,
vacation and sick leave pay, and meal allowances are the examples of employee
benefits.
Answer:
True
Explanation:
The eleven categories are
- Visualization : for better understanding of data
- Argumentation: visualize the structure of complex arguments using graphs
- eParticipation : encourages participation in social and political process
- Opinion mining : interpret public comments written in different application
- Simulation :guides towards making decision concerning future actions
- Serious games:Train users
- Policy making : to help in policy making
- Persuasive tools : to convince users for change of attitude
- Social network analysis : analyse social network users behavioral pattern
- Big data : supports helps in processing large data
- Semantics and linked data: analyzing and publishing large data
Answer:
<u>Part a: What will be the equilabrium price that Dumphy and Funke will charge?</u>
Answer: Price charged = $30
<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>
Answer: Profit on equilibrium price = $0
<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>
Answer: Price competition
Explanation:
<u>Part a: What will be the equilabrium price that Dumphy and Funke will charge?</u>
Answer:
Price charged by each of the artists will be equal to their marginal cost.
Thus, equilibrium P = MC = $30.
<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>
Answer:
Equilibrium profits will be 0 at the equilibrium because price charged is equal to MC, leading to no profits.
<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>
Answer:
Price competition - as changes in price will lead to changes in demand and thus sales
Answer:
The correct answer is (a)
Explanation:
The management is a core factor which can contribute to increasing the overall productivity of a firm or an organisation. Although the job of a manager is quite tough, it demands efficiency and quick thinking. The management helps to run the operation effectively and can contribute to more than half of the annual increase in the revenues.
