Essays on Business and Money

... those people with educational disadvantages. They will continue to find themselves handicapped in the job market as long as the minimum wage legislation remains in affect. In society today the demand for "unskilled" workers is low and the supply is high, therefore there is a surplus of unskilled workers in the job market. The effect of a surplus drives down an individuals reservation wage, as they are willing to do and take anything for work. Minimum wage only makes this fact more severe, as it increases the supply of workers. Minimum wage increases the cost of doing business, and unfortunately in today's economic conditions employers are not able to pass on the ...

... a lot more to be thankful for than they do to complain about. For one, cars use gas a lot more efficiently than they did in the past. According to Royko, "even today's luxury cars give you better gas mileage than the cheapest Chevies, Fords and Plymouths did not that long ago." What does this mean? This means that gas prices should logically go up. It's the basic law of supply and demand. It's true that more Americans are driving, but the gasoline suppliers still deserve to get paid fairly. And what about inflation? Well, when you take inflation into account, the price for gasoline is less now than it was forty years ago. Just another example of how Americ ...

... 1996. The increase has been less than the rate of inflation during this period. The vast majority of the 22,000 members of the American Economic Association agree that increasing the minimum wage will increase unemployment among young, unskilled workers. This 35% hike in the minimum wage paid by the business will be one of the biggest increases in California history. And, it will hit just when the state is recovering from a long recession. Approximately 2 million of California's nearly 13 million workers earn less than $5.75 per hour. Most of these workers would be directly affected by this increase. Roughly one-forth of those earning less than the proposed $5.7 ...

... Our businesses are balanced roughly 50-50 between print and electronic information. More than 40% of our operating profit is now earned outside the U.S. We are a focused company. We are not a media conglomerate, nor an entertainment company. We stick to our business of business, providing information essential to an ever expanding and increasingly interconnected worldwide business community. Q. What is the strategy behind your television operations? A. Dow Jones aims to provide business news in any form customers want it. When we looked at our operations a few years ago, television was the missing means of delivery for our business news. We beg ...

... working shifts and provide some interesting facts and details. Introduction Chernobyl, Three Mile Island, Bhopal, Exxon, Valdez, Space Shuttle Challenger, all familiar names that have some interesting similarities. First, all were major man-made disasters, second all occurred due to human error, and third, they all took place on the night shift. Working shifts, an unsteady schedule, can present many different problems for the men and women who work them. This report is going to highlight some of these problems, and hopefully offer some possible solutions to minimize them. I am also going to examine some European countries, because they seem to be far ahead of th ...

... and differing views on the subject. We will only be examining the functions of management where the basics of planning, organizing, leading, and controlling apply to The Body Shop. In 1976 an inexperienced Anita Roddick got tired of unsubstantiated Management and The Body Shop claims of the cosmetics industry that their products couldn't deliver. She decided to make a decision that would change her life forever. Anita became a manager of her own small business in Brighton England. Selling the natural secrets found throughout the world; learned from extensive travel while employed as a teacher with the U.N., she created a cottage industry of exotic personal body car ...

... each responsible for one group of products worldwide. At the same time, Ford is reducing the time taken to develop a new vehicle from 48 to 24 months and reducing engines, transmissions, and basic vehicle platforms by 30% worldwide. Ford hopes that by pooling global skills and resources will result in more variations on each vehicle platform, increasing the number of vehicles introduced over the next five years by 50%. One of the key strategies behind the realignment has been growth. Ford has launched a variety of new initiatives throughout the world, with joint ventures for the assembly of vehicles in countries as diverse as China, India, Thailand and Vietnam. In ...

... deceitful, yet widely praised policy was followed, and allowed the economy to go on without the government interrupting or regulating it in any way. The belief that came from this policy was that the businesses that consolidated would receive larger profits from the consumer and share it in the worker's wages, who would in turn invest in the general wealth by investing in the stock market and also buying the manufacturer's goods. Even though it was true that the businesses were gaining on profits, the worker's wages were not being raised, and so they could not contribute to the buying of goods. Yet surprisingly, the stock market soared without any regulation. I ...

... workers to common laborers. The were also replaced by workers who would accept lower wages. The Industrial Revolution meant degradation rather than progress. As the factory system grew, many workers began to form labor unions to protect their interests. The first union to hold regular meetings and collect dues was organized by Philadelphia shoemakers in 1792. Soon after, carpenters and leather workers in Boston and printers in New York also organized unions. Labor's tactics in those early times were simple. Members of a union would agree on the wages they thought were fair. They pledged to stop working for employers who would not pay that amount. They also soug ...

... you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the pa ...