For rural dwellers, urban environment has always presented unique challenges and fascinations. This is primarily because of the reason that urban life offers more opportunities to its residents, both in terms of finances as well as chances to growth. There was a time when the rural people use to move, putting it more technically migrated, to urban areas in search of better job opportunities, thus getting access to higher wages. There is a concept of wage premium that is linked with big metropolitan cities. It is precisely this concept working behind the notion that the earnings of workers tend to be ...
Wages Article Reviews Samples For Students
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In 2015, American workers began finding new jobs at a time when the United States economy was supposed to take off. However, Americans were not able to find employers who were willing to contribute to meaningful pay increases. Data suggested that unemployment was at a seven year low and the economy was at a steady pace when it came to job growth. This data was released at the same time the Federal Reserve was considering a raising interest rates. This would be the first time in almost a decade the Federal Reserve considered making such a decision. In the ...
The Economics of $6.75 T-Shirt
Question 1.
The market reality of garment industry in Bangladesh is extremely hard – prices for production are so low that do not cover even a life-needed level of wages. Moreover, this situation (wages under life-needed level) is widespread all over the country. And the reason of this is that the level of demand for this type of products is much lower than supply. In fact, nearly 20 million people in Bangladesh are connected to garment industry, which makes it one of the key industries in country’s economy. Such a huge supply leads to lower prices of products they ...
In an era dominated by peace, citizens are more inclined to look into economic growth and development. In particular, individuals look at how economic growth will manage to make their lives or that of their loved ones better. In this perspective, a candidate aspiring to seek a position of power must provide their intended proposition on tackling economic issues. On the case of candidates seeking re-election, their previous record is scrutinized and compared with that of the contender. In the prevailing times, the biggest issue is how an individuals can be able to affect the per capitata income and output. Per ...
Abstract:
The article investigates how human capital investment affects distribution of wealth in short as well as well long term in various economies. The article reflect current credit market pattern and individual investment in gaining competencies and knowledge to perform labor which impact wealth distribution. The article further investigates per capita output differences in various countries and also examines differences in various countries economic to adjust variation in earnings distribution and wealth.
Introduction:
The Article “Income Distribution and Microeconomics” by Oded Galor and Joseph Zeira provides a detailed explanation on how distribution of wealth influence economic activities in short term and long ...
In his August 2016 article for the Guardian, entitled “How getting more sleep could boost your salary”, Imran Rahman-Jones discusses the findings of a 2015 study on, as the title suggests, the effects of sleep on the ability of people to earn more money (Rahman-Jones, 2016). In the article, which us is clearly intended to health conscious, active workers, Rahman-Jones writes that people who get live in regions that get darker earlier in the day are more likely to earn more than those who live in regions were daylight last longer. According to Rahman-Jones, the reason for this is ...
Article Review: Japan’s Growth Strategy is All Wrong
Abstract
The article Japan’s growth strategy is all wrong is about the policies implemented by the Japan government led by Prime Minister Shinzo Abe that is viewed to jeopardise the country’s low interest rate environment that is conducive for spending and investment. The purpose of the student in writing this paper is to present the economic problem faced by Japan as an implication of the policies executed by the government, applying the concepts and principles that I have learned in my Economics.
The article entitled Japan’s growth strategy is all wrong is about the ...
Summary of the Wolfers’s Article
This assignment will first summarize the article published by Wolfers (2016) in the New York Times, about policymakers’ possible response to an economic slowdown.
Wolfers (2016) begins his article referring to an employment report that suggests job growth is slowing down. He brings up the possibility that the economy may suffer a significant slump, maybe even a recession. Wolfers (2016) suggests that the recent economic recovery may have come to an end. Worse, it is hard to think of a time in recent history when policy makers were so unprepared to answer to the challenge (Wolfers, 2016).
If the ...
In this paper, I will analyze the summary of the article “Biggest Raises of the S & P 500” as well as discussing some of the managerial implications of the compensation programs. The report involves a description of the top ten CEO pay increases as compared to the market change in the year 2015. The author of the article argues that there are large companies such as Apple, Inc., Chipotle amongst others that had good deals of the year and were making good profits. Yet, in spite of the large profits, the CEO earned relatively lower as compared to others ...
1How does monetary policy affects the economy?
There is no doubt that national monetary policies pose a great impact on the economy of any country, that is, employment, income and investment. Theories trying to explain this mainly draw their arguments from the general nominal rigidity as applied in prices and wages. It therefore means that monetary policy has an impact on the economy due to the fact that workers and firms respond to the increase in liquidity through improved production rather than increasing the prices and or wages. Notably, there is a significant disparity in decision making as far as wage setting is concerned. Most theories ...
One of the key processes of the world economy on the brink of the XX-XXI centuries is progressing globalization, i.e. a qualitatively new stage in the development of the internationalization of economic life.
These days, globalization is being discussed very often; it is a buzzword, which quickly turned into some kind of a slogan, a key, which can open the door to any existing and future mysteries. For someone “globalization” is all that he needs for happiness, for others—the cause of all the misfortunes. However, for all of us, globalization is an inevitable fatality of our world, irreversible process, the process, ...
Response Paper
The above is a confirmation and admission of sorts on the widely held view and conception of racism and gender specifications. It stems from the fact that there are certain jobs and occupations that are concerned to be common in certain races while others are not considered to be same. Specifically, it stresses on the fact that the immigrant workers especially the Asian and Latina women commonly secure jobs in areas of manufacturing. It includes being helps in restaurants, hotels, offices, convalescent homes, private residences, and others which are not regarded as highly in the human society. It is important ...
Article Review
Article Review
The topic of the article is “The Pay is Too Damn Low”. The article is written by James Surowiecki and appeared on his column-The Financial Page in the New Yorker onAugust 12, 2013.James Surowiecki writes regular articles on business and finance and works at The New Yorker as a writer.Surowiecki's business and finance articles have appeared in many publications which include The New York Times, Artforum, Slate, The Motley Fool and Wall Street Journal.
The article aims to support increasing the welfare of low-earning workers as well as increasing their pay. It does not, however, support ...
Following the American Psychological Association’s Guidelines
Arguing over Images: Native American Mascots and Race
Many universities and other schools in the U.S. use the American Indian's motives as their symbols or mascots. This paper aims at collecting and analyzing regular people's views on these symbols and mascots. People assign some meanings to these mascots and their comprehension are based on their believes and some other cultural factors.
Mostly animal symbols of the Indian Americans are used as mascots. Just a few mascots are designed to tease the Indian Americans by using caricaturized versions of the symbols. The interviewers do not have a perfect information of ...
Evidence showing that RBA is justified in considering an interest rate fall
At the beginning of the month of May, the Australian cash rate was said to be at 2.75%. This statistic was achieved shortly after the May’s bank rates were cut by the Reserve bank of Australia. This marked the lowest cut level achieved in the last 53 fiscal years in this country. The RBA’s board should consider cutting the cash rate because of the prevailing economic conditions in Australia today. The country’s financial markets are currently trading at a 14% chance of suffering a 25 basis points reduction; this sentiment was echoed by Credit Suisse while advocating for ...
Citation
The article to be reviewed in this paper is “Human Resource Management: Employee Benefit and Compensation” by Toy McKinsley. The article expounds on the several policies touching on rewarding and remuneration of employees. This scholarly article further points out the importance of Benefit and Compensation as a discipline in the expansive Human Resources Management study. The article defines compensation and wages as different terms that determine an employee’s pay or rather what an employee takes home after committing his or her services to the organization in its quest to achieve its objectives and goals. The benefits and compensation are ...
I agree with by Paul Krugman that inflation is till considerably low. Therefore, Fed should worry more about unemployment than inflation. The level of inflation is relatively low than 2% therefore, Fed should concentrate on reducing unemployment. The economy is currently recovering and the aggregate demand is also increasing so Fed should continue to apply expansionary economic policies to help the economy to fully recover. This should be the way to go despite Phillips curve argument that unemployment decreases then inflation increases because little increase in inflation may be less harmful if it creates more employment opportunities by encouraging ...
Different news stations often report the same story (or stories related to one another) in very different ways. This is largely because of their political ethos and their attempts to reach their market and readership. The events in Libya are no different: tired of living under Gadhafi’s dictatorship, the Libyan people are revolting to try and remove him from power. Following the success of similar protests in neighbour countries, Egypt and Tunisia, Libya is fighting for its freedom from a man who shows no qualms in using force to supress his people, even now when the world is watching. ...