“Money can’t buy happiness, but it does quiet the nerves,” this quote hits hard to a lot of American families who wish to have more money. Most families work hard everyday to earn a living for themselves, however, when workers in the families aren’t able to get a high paying job for one reason or another, they are forced to work at minimum wage. Yet, when working at minimum wage they aren’t able to earn enough money to keep their families above the poverty line. I believe that the minimum wage in America should be increased. The poverty line was established in the 1960’s and was calculated by multiplying the cost of feeding a family of three, under the assumption that families spend of average, one third of their income on food. At the moment, a family of five, with a full time, minimum wage worker, that receives food stamps, and refundable tax credits, will still be $1,139 below the poverty line. By increasing the minimum wage we can insure that families whose parents work at minimum wage, can live above the poverty level. If nothing is done to change the amount of minimum wage and inflation starts to erode the wage values again, the minimum wage families will fall back below the poverty line by 2015. Also by raising the minimum wage we can reduce the amount of money our country is putting towards welfare programs and things such as WIC. By having less money being wasted toward welfare, in which some people take advantage of it, they can work and earn all of their money, and make enough that will help fully support themselves and families. Also, 40 municipalities have passed the living wage policy, this is an organized effort to base wages more on ‘need,’ rather than ‘skill.’ This has helped a variety of families out. Many people who are not in favor of
production on the PPC is production efficient. Scarcity The reason the economic problem exists is b/c resources are scarce Opportunity Cost The opportunity cost of any action is the value of the next best option forgone. The slope of the PPC tell us how sever the opp. cost is As the PPC becomes more steep, larger amount of goods have to be sacrificed in order to increase production of another good. Marginal Cost Marginal cost is the cost of producing one more unit of output. The marginal cost…
to produce g + s. * Its efficiency varies (from country to country), and it can organise itself (into trade unions) for its own benefit. * Limited due to size of population, size of workforce, and quality of workforce (work ethic) * Wage: the payments made to labour for its mental and manual effort in the production process. Includes salaries, fees, commission. (3) Capital * The produced means of production; not produced for immediate consumption, but to be used in the production…
or drug addiction (micro – small scale reference)? • When people see the problems as personal, all they can do is try to deal with their troubles as one individual • SI transforms personal troubles into social issues – affect not only us also countless people like us Objective / Subjective Realities • Objective realities of a social problem can be confirmed by collection of data (measurable) -i.e. SE region of U.S. is poorest • Subjectivity – judgment based on personal feelings and opinions rather…
Economics oikos to managenemo house - social study - teaches how to use efficiently scarce resources (human, capital, money, resources) Micro-economics using resources at a firm’s level Macro-economis using resources at a national level (federal/provincial) Types: Analytical/Positive - based on facts ex. Inflation rate, growth rate, unemployment rate - normative based on opinion Fallacy - a statement that appears to be true but is not a) Fallacy of Composition - what is…
Unit 3 Chapter 13 Sole Proprietorship Not a separate “legal” entity No difference between business and entrepreneur But it is a separate “accounting” entity. For tax purposes Total Liability for unpaid debts or torts Unlimited liability does not need writing The franchise Organization selling to franchisee the right to use name for business Can only sell products that are authorized by franchisor Protections for franchisees (state and federal law) Common Contract terms Territorial…
reds and blacks take longer than a day. TIDBIT: World’s most remote place is on the Tibetan plateau. It takes a three-week trip (one day by car, 20 on foot) from the nearest city. Road to where? Who is benefiting the most from globalization? US is losing, while others are gaining National Sovereignty and Cultural Identity Critics of globalization argue: Loss of National Identity (undue influence of WTO, Worldbank, IMF) Imposing Western values as “universal” (cultural imperialism) Supporters…
labor.” (3.7) @ Worker is alienated from his life, since life consists of activity, which for the worker is mainly labor. 3. Worker is alienated from his “species-life” or “human essence.” @ Alienation from “nature”: S The natural world is part of us. “Nature is the inorganic body of man.” (4.4) S The worker doesn’t get to own material resources; hence, he doesn’t get to own parts of “nature”. S Hence, he is alienated from nature. S Hence, he is alienated from a part of himself. @ Alienation…
com/ https://www.facebook.com/lauriersos www.twitter.com/lauriersos Did you know that… • Your donation DIRECTLY supports an education development project in Latin America? • AND you can go build the project funded THIS SUMMER with us? We’re running a trip! • JOIN US as we travel to Sibilia, Guatemala, where we will work beside locals in completing a community project! – Who? ANYONE interested in a life-changing experience! – When? Aug 16 – 30 How to Apply! • www.lauriersos.com : – Visit…
METHODS OF RESEARCH (MIDTERM EXAM REQUIREMENT) SUBMITTED BY : JANICE I. ARIZOBAL MBA-M3 CBIBE DATED: NOVEMBER 20, 2012 SUBMITTED BY: PROF. MICHAEL CABRA PHILIPPINE WOMEN’S UNIVERSITY DISTANCE EDUCATION IMPORTANCE OF LIFE INSURANCE TO FILIPINO SOCIETY ABSTRACT This research and study is intended for future researcher’s reference and insights of the importance of…
STUDY GUIDE FOR EXAM #4 11 December 11:30 U.S. History 10613 -People in BLUE -Non us people are in -Military events in Green Battles = normal green Wars will be in this green Military idea and weapons are in -Domestic affairs like polices based and for us citizens in red -U.S Forein polices and affairs in pink -Other countries forein affairs are in brown -elections will be in orange -president Administrations and scandals is in purple Bataan Death March -The…