Following a new law requiring increased minimum wage rates, the company's operating costs rose significantly. However, since the wage increase, the company's profits have risen dramatically.Which of the following, if true, would help resolve this apparent paradox?【选项】When the minimum wage ...
Increased labor costs can create cost-push inflation, such as when mandatory wage increases for production employees due to an increase in the minimum wage per worker. A worker strike due to stalled contract negotiations might also lead to a decline in production and, as a result, lead to hig...
Card and Krueger's analysis of the impact of the 1992 increase in the New Jersey (NJ) state minimum wage on employment in fast-food restaurants in NJ and Pennsylvania (PA) is very well known. In 1996 and 1997, the federal minimum wage was increased from 4.25 to 5.15, thereby incr...
That's because the demand for products and services rises, leading businesses to increase their output and are generally in need of more workers. How Does Inflation Affect Unemployment? Inflation has historically had an inverse relationship with unemployment. This means that when inflation...
After 15 years, the couple should be able to accumulate at minimum: $277,500 in 401(k) plus $150,000 in profit sharing $816,495 in after-tax cash $500,000 in principal pay down (leaving $1,000,000 left in mortgage) For a base case net worth increase of roughly $1,600,000 with...
The shaping of working and economic conditions does not take place in the “private sphere” through individual action, but is – as Ino Augsberg (2013: 530) has already stated for religious freedom –“designed from the outset to be exercised collectively”. In a very similar manner, Niklas...
Does the settlement provide enough for financial peace of mind? How challenging is it to deal with the insurance company? Will you be out of work for months or years? What Happens If I Settle? When you accept a workers’ comp settlement, you receive a one-time lump-sum payment. That me...
aLabor intensive techniques of production are usually used in economies having sufficient supply of cheap labor. In many of developing economies, labor is organized and unionized. Despite fluctuations in market demand, labor force is subject to a minimum wage, which may increase cost of production ...
If you Care a Little More, Things Happen. Bees can be dangerous. Always wear protective clothing when approaching or dealing with bees. Do not approach or handle bees without proper instruction and training.
Self-employment (SE) is a growing precarious work arrangement internationally. In the current digital age, SE appears in configurations and contours that differ from the labor market of 50 years ago and is part of a ‘paradigm shift’ from manufacturing/managerial capitalism to entrepreneurial capita...