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.
Answer:
Description 2017 2016 2015
Net Income $146,402 $107,281 $123,114
Explanation:
The question is to compute a statement of income comparative figures. The step is therefore to use the weighted average pricing method to replace the historical income before taxes for both years 2016 and 2015. After this is done, we then re-calculate the appropriate taxes and arrive at the net income.
Description 2017 2016 2015
Income before taxes 206,200 151,100 173,400
Subtract: Income tax @29% 59,798 43,819 50,286
Net Income 146,402 107,281 123,114
The type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>
Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.
- Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.
Hence, the type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>
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Read more about this here
<em>brainly.com/question/17246519</em>
The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.
<h3>What is the opportunity cost?</h3>
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.
For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.
To learn more about opportunity cost, please check: brainly.com/question/26315727
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Answer:
The correct answer is letter "B": Globalization.
Explanation:
In the corporate world, globalization has pushed companies to adopt the use of Information Technology (IT) to virtually track their operations with customers and keep a better record of the use of their resources. The introduction of computer software and technology have made the gathering and recording of information faster and easier. Thanks to the use of that information, better decisions can be made by managers.
