I have been told time, and time again when the demand for minimum wage workers increase….(see details)

I have been told time, and time again when the demand for minimum wage workers increase….(see details)
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In America, it’s fairly difficult to bring in foreign workers legally to fill non-skilled positions. Hiring illegal immigrants is another issue.
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If raising minimum wage will kill businesses and and increase inflation, then wouldn't reducing the earnings of the people at the top of corporations have the opposite effect?

Description : If raising minimum wage will kill businesses and and increase inflation, then wouldn't reducing the earnings of the people at the top of corporations have the opposite effect?

Last Answer : Ooooooo snap!

Do low end employees not deserve a living wage?

Description : Do low end employees not deserve a living wage?

Last Answer : Define “high income” Define “living wage”

Who is more guilty of using Government handouts, Employees that are not paid a living wage and rely on them just to put food on the table at the end of the week, or employers that don't pay a living wage knowing the employees can access it to put food on their tables at the end of their work week?

Description : Who is more guilty of using Government handouts, Employees that are not paid a living wage and rely on them just to put food on the table at the end of the week, or employers that don't pay a living wage knowing the employees can access it to put food on their tables at the end of their work week?

Last Answer : Conservatives scream for smaller government, so stop making the lowest income earner depend on it so much, maybe if these people didn’t need it at the end of their week you might just get your wish.

If I buy an item for $5 and have people willing to pay me $500 for that same item…(see details)

Description : If I buy an item for $5 and have people willing to pay me $500 for that same item…(see details)

Last Answer : I had a friend that worked at a parts counter for a car dealership and he showed me an antenna for one of their sports cars the dealership bought it for under $10 and sold it to the customer for just under $200 is that a fair profit or just gouging?

Did Trump not think that countries would impose retaliatory tariffs on US goods?

Description : Did Trump not think that countries would impose retaliatory tariffs on US goods?

Last Answer : “Did Trump not think.” You can stop right there. As long as it doesn’t hurt him personally, he doesn’t care.

In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor’s demand. b. every $300 your Benefits Negotiations Ceiling is beneath Labor’s demand. c. every 1% your Profit Sharing Negotiations Ceiling is beneath Labor’s demand. d. every $1 your Wage Negotiation Ceiling is beneath Labor’s demand. e. all of the above.

Description : In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor's demand. b. every $300 your Benefits Negotiations Ceiling is beneath ... every $1 your Wage Negotiation Ceiling is beneath Labor's demand. e. all of the above.

Last Answer : e. all of the above.

What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Description : What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Last Answer : answer:There's another issue happening at big box stores and corporate chains. To keep labor costs low, managers use forecasting software to write schedules. So if the software says you can only have 20 ... , entry-level service jobs. I think it's this century's version of Gilded Era factory work.

Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Last Answer : d) All the above

Would a wage increase affect aggregate demand or supply?

Description : Would a wage increase affect aggregate demand or supply?

Last Answer : I don’t know much about economics, but the third option is that the effects might cancel out, meaning no change.

Are you in favor of a minimum wage increase?

Description : Are you in favor of a minimum wage increase?

Last Answer : The reality is that increasing the minimum wage has mixed results, but is not the widespread destruction in employment that people like Pugh fear. In many ways, increasing the minimum wage increases the ... as they get it; in economic terms, it increases the velocity of money through the economy.

How come people seem to get all upset when minimum wage is to be increased, but just shrug when some CEO gets a huge bonus or increase?

Description : How come people seem to get all upset when minimum wage is to be increased, but just shrug when some CEO gets a huge bonus or increase?

Last Answer : Because the CEO is likely to be already wealthy, conservative and one of the socio-economic class that is getting upset about raising the minimum wage. Generally they don’t criticize their own kind.

What would you have told the person at the time, if you had known then you'd never see them again?

Description : What would you have told the person at the time, if you had known then you'd never see them again?

Last Answer : I would say.“I love you.”

The measure of a worker's real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings

Description : The measure of a worker's real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings

Last Answer : (4) The purchasing power of his earnings Explanation: A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour ... real wage represents the purchasing power of wages-that is, the quantity of goods the wages will purchase.

The measure of a worker’s real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earnings

Description : The measure of a worker’s real wage is (1) The change in his productivity over a given time (2) His earnings after deduction at source (3) His daily earnings (4) The purchasing power of his earningsec

Last Answer : The purchasing power of his earnings

Which of the following statements is correct? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) Economic rent is the difference between the market wage and the reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Description : Which of the following statements is correct? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) ... reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Last Answer : (3) Economic rent is the difference between the market wage and the reservation wage. Explanation: The difference between the actual market wage and the reservation wage is called economic rent. Therefore ... per-son becomes unemployed (The Goals of Macroeconomic Policy by Martin Prachowny. p. 58).

Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No subsequent deposit can be made in workers wage account d) No amount is required for opening worker wage accounts e) All the above

Description : Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No ... workers wage account d) No amount is required for opening worker wage accounts e) All the above

Last Answer : e) All the above

The number of workers who would offer themselves for employment at different wage rates is known as?

Description : The number of workers who would offer themselves for employment at different wage rates is known as?

Last Answer : Supply of Labour

Your workers go on strike because they have demanded $20/hour and your wage negotiation ceiling is at $18/hour. Assuming that there are no other labor demands, how long will the strike last? a. 2 weeks b. 4 weeks c. 8 weeks d. 16 weeks e. There is no way to determine how long the strike will last.

Description : Your workers go on strike because they have demanded $20/hour and your wage negotiation ceiling is at $18/hour. Assuming that there are no other labor demands, how long will the strike last? a. 2 weeks b. ... . 8 weeks d. 16 weeks e. There is no way to determine how long the strike will last.

Last Answer : a. 2 weeks

In the current contract, the workers’ wage rate is $20.00. Which of the following negotiation positions would be outside the starting and ceiling amounts? a. $16.00 to $25.00 b. $18.00 to $30.00 c. $18.00 to $35.00 d. $16.00 to $20.00

Description : In the current contract, the workers’ wage rate is $20.00. Which of the following negotiation positions would be outside the starting and ceiling amounts? a. $16.00 to $25.00 b. $18.00 to $30.00 c. $18.00 to $35.00 d. $16.00 to $20.00

Last Answer : c. $18.00 to $35.00

Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Description : Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Last Answer : The theory of comparative cost advantage is given by

In present times, the prestige level of teachers is recognized by the general public as Options: A) Above that of professional worker B) On a par with the professional class of workers C) On a par with the wage earner or labour D) Somewhere between wage earner and professional worker

Description : In present times, the prestige level of teachers is recognized by the general public as Options: A) Above that of professional worker B) On a par with the professional class of workers C) On a par with the wage earner or labour D) Somewhere between wage earner and professional worker

Last Answer : D) Somewhere between wage earner and professional worker 

Which of the following statements is correct ? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) Economic rent is the difference between the market wage and the reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.

Description : Which of the following statements is correct ? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) ... reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market. 

Last Answer :  Economic rent is the difference between the market wage and the reservation wage.

Has there ever been a minimum wage lower than $0.00 a hour?

Description : Has there ever been a minimum wage lower than $0.00 a hour?

Last Answer : A person needs income to live on. Slaves had to be given free room and board. They had to either have been given food or provided with land to grow their own. Volunteers get $0.00. Could ... responsible position? Some of them may donate cash or supplies. Would that make them earn a negative income?

my company workers comp doctor told me to go back to work,,,and im still hurting,,,what can i do ?

Description : my company workers comp doctor told me to go back to work,,,and im still hurting,,,what can i do ?

Last Answer : DO NOT go back to work if youa re still in pain, they can hold it agaisnt you in the future!

Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.

3. The demand for labor is the same as the a. marginal revenue product b. marginal physical product c. marginal cost d. wage

Description : 3. The demand for labor is the same as the a. marginal revenue product b. marginal physical product c. marginal cost d. wage

Last Answer : a. marginal revenue product

Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called: A. Real wage unemployment B. Deficient-demand unemployment C. Frictional unemployment D. Structural Unemployment

Description : Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the ... . Real wage unemployment B. Deficient-demand unemployment C. Frictional unemployment D. Structural Unemployment

Last Answer : D. Structural Unemployment

Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called (a) Real wage unemployment ; (b) Deficient-demand unemployment ; (c) Frictional unemployment ; (d) Structural Unemployment

Description : Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for ... unemployment ; (b) Deficient-demand unemployment ; (c) Frictional unemployment ; (d) Structural Unemployment

Last Answer : (d) Structural Unemployment

Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : The labour demand curve shifts to the right

A man took a walk in the park. While on his walk, he came across a stray dog who began growling at him and nipped at his heels. The man pulled a crooked stick from his knapsack, told the dog to, 'Fetch!', and then threw the stick. The dog made a mad dash for the stick, then suddenly made a u-turn and ran back to the man ----- without the stick. The man laughed loudly. He then said to the dog, 'Let's try this again.' Throwing the same stick, the man again yelled, 'Fetch!', and the dog took off as before, suddenly made a u-turn, and ran back to the man ----- again without having obtained the stick. The man laughed louder. This same series of events happened over, and over, and over again until the dog finally ----- bit the man on the leg. What was going on here that so infuriated the dog to

Description : A man took a walk in the park. While on his walk, he came across a stray dog who began growling at him and nipped at his heels. The man pulled a crooked stick from his knapsack, told the dog to, 'Fetch ... ----- bit the man on the leg. What was going on here that so infuriated the dog to -Riddles

Last Answer : The man had tormented the dog in the park in the past by telling the dog to fetch the crooked stick (wooden boomerang) he carried with him in his knapsack. The dog could never catch the boomerang, ... who only wanted to play. What goes around comes around, as they say, with boomerangs and in life.

Why are volunteers, and interns, exempt from minimum wage laws?

Description : Why are volunteers, and interns, exempt from minimum wage laws?

Last Answer : You can look up the definition of volunteer. https://www.dol.gov/agencies/whd/fact-sheets/71-flsa-internships

Should the minimum wage be tied to some economic metric?

Description : Should the minimum wage be tied to some economic metric?

Last Answer : Cost of living seems like the obvious one to me, if realistically assessed. More interesting and egalitarian would be highest income. As in, the minimum wage is some fraction of the highest person’s income, not adjusted by any loopholes.

Is there actually a crisis as is claimed if people will not work minimum wage jobs if they can earn more on unemployment?

Description : Is there actually a crisis as is claimed if people will not work minimum wage jobs if they can earn more on unemployment?

Last Answer : I was furloughed in the early days of the pandemic for 3 weeks. I was bringing home more money on unemployment plus the extra 600 a week my state was giving the unemployed. But my company would not ... a week has stopped. I think they are taking advantage of the situation. Not all people, but some.

Can asking for minimum wage put off one's job chances of for a famous fast food restaurant as a cashier?

Description : Can asking for minimum wage put off one's job chances of for a famous fast food restaurant as a cashier?

Last Answer : Maybe it wasn’t the fact that you requested minimum wage, which is what is expected as a cashier at a fast food restaurant. Maybe it was the lack of experience on your part. Maybe someone else had applied that has worked at fast food before, and they hired that person.

Why is the minimum wage going up?

Description : Why is the minimum wage going up?

Last Answer : Inflation

Do you think we should have a Federal Minimum Wage?

Description : Do you think we should have a Federal Minimum Wage?

Last Answer : You’re right – capitalism doesn’t work.

Are business owners exempt from minimum wage laws and overtime?

Description : Are business owners exempt from minimum wage laws and overtime?

Last Answer : You could just make them all salary positions. OT goes away. But typically, businesses (especially small businesses) just make jobs part time to minimize payroll expenses. I would hesitate to make all ... as you sign the papers making them part owners, they could walk and you would owe them.

Why are volunteers exempted from minimum wage laws?

Description : Why are volunteers exempted from minimum wage laws?

Last Answer : By definition, volunteers don’t get paid.

How high do you think a government mandated minimum wage should go?

Description : How high do you think a government mandated minimum wage should go?

Last Answer : It should be indexed by inflation. Every year.

When is a proposed minimum wage hike too high?

Description : When is a proposed minimum wage hike too high?

Last Answer : No. It balances out in the end. Costs go up and compensates for the increase.

Is a minimum wage job "minimum wage" because the high competition for the job, or because it is easy?

Description : Is a minimum wage job "minimum wage" because the high competition for the job, or because it is easy?

Last Answer : Neither. It is usually because of the low skills level necessary to be hired to do the job. That doesn’t make it easy, it means the required training is minimal.

How do you eat healthy while on a fixed income or minimum wage?

Description : How do you eat healthy while on a fixed income or minimum wage?

Last Answer : For one, you need to re-read some of the answers to your questions that were similar to this one. There has been tons of advice from all of us on how to eat healthy on a budget. First, you ... I hope this will get you started down the road to a healthier diet, while still maintaining your budget : )

Should I have asked for anything other than minimum wage? (detals inside)

Description : Should I have asked for anything other than minimum wage? (detals inside)

Last Answer : Edit I applied as a cashier.

Has anyone in the world experenced a negative minimum wage or interest rate?

Description : Has anyone in the world experenced a negative minimum wage or interest rate?

Last Answer : Yes. They used to be called “apprenticeships”. You’d pay an expert to teach you their craft, and usually room and board while you learned. The “learning” often involved doing the menial, laborious parts of the job for several years before actual teaching began.

Creeping prices, an effect of the raise in minimum wage in the future?

Description : Creeping prices, an effect of the raise in minimum wage in the future?

Last Answer : The tiresome justification for slave wages. But let's step back and consider for a second the Walmart heirs now worth billions from the simple tactic of routinely paying employees a wage insufficient ... living, but are fed by taxpayers. Profits are privatized while expenses are socialized. Get it?

If we have minimum hourly wage then what about a minimum monthly wage?

Description : If we have minimum hourly wage then what about a minimum monthly wage?

Last Answer : So what are you proposing? I don’t quite understand what you are trying to say here? If an employer hires you they have to promise a certain amount of hours per month type thing?

What's more important? A higher minimum wage, or a 40 hour workweek?

Description : What's more important? A higher minimum wage, or a 40 hour workweek?

Last Answer : answer:I personally care more about the wage than having 40 hours. If I can work 30 and make enough money that sounds good to me. Flexibility in the work schedule is most important to me in ... work. If we get rid of health care through our employers that whole part of the equation disappears.

How does it benefit the low end worker, by keeping minimum wage so low one can't possibly live off it?

Description : How does it benefit the low end worker, by keeping minimum wage so low one can't possibly live off it?

Last Answer : It’s better than zero income at all or full blown welfare, but otherwise no, nothing but a low paid wage slave.

Should the federal minimum wage in America be a percentage of something?

Description : Should the federal minimum wage in America be a percentage of something?

Last Answer : That's an idea that makes sense, which means there isn't a chance in hell of it going anywhere. The logical Idea to gear minimum wage requirements to prevailing local cost of living rates has ... more backward and destitute the region, the louder the protests against the evils of the minimum wage.

What is the minimum wage in your area, and what would that wage have to go up to, to make it a minimum living wage?

Description : What is the minimum wage in your area, and what would that wage have to go up to, to make it a minimum living wage?

Last Answer : answer:It can't happen The minute that whatever minimum wage is imposed on employers, all goods and services will become more expensive either because personnel costs are passed on to consumers, or because ... about money at the 70K/year mark. So the daydream answer to your question is 70K/year.