Wage Increase Essays (Examples)
Study Document
Labor Market Wages And Income Inequality
Abstract
This paper looks at the concepts of the labor market, wage growth and income inequality in the U.S. and discusses them in terms of inflation (caused by the injection of $4 trillion worth of … “best economy ever”—as it is described by President Trump—should not be dependent upon a rate-cutting Fed. A good look at the labor market, wage growth and income inequality may help to explain why the president is so worried about the central bank maintaining loose monetary policy.
Introduction
… might not be true—and those signs can be seen in terms of how one interprets labor market data (unemployment vs. labor participation rate), wage vs. inflation, and income inequality. Since the Federal Reserve along with the other central banks of the world engaged in unconventional monetary policy … of the world engaged in unconventional monetary policy aka quantitative easing in response to the global economic crisis……
References
References
BBC. (2019). US economy under Trump: Is it the greatest in history? Retrieved from https://www.bbc.com/news/world-45827430
Bernstein, J. (2019). A tight job market is a potent force against inequality and wage stagnation. Retrieved from https://www.washingtonpost.com/outlook/2019/02/01/tight-job-market-is-potent-force-against-inequality-wage-stagnation/?utm_term=.0a531cf24efb
Cox, J. (2019). Private payroll growth tops estimates as job market shows signs of tightening. Retrieved from https://www.cnbc.com/2019/07/31/private-payrolls-up-156k-in-july-vs-150k-est-adpmoodys.html
Harwood, J. (2019). 5 reasons why income inequality has become a major political issue. Retrieved from https://www.cnbc.com/2019/06/05/5-reasons-income-inequality-has-become-a-major-political-issue.html
Study Document
Financial Planning
...Wage increase Debt Management and Retirement Planning
It is very important for Howe to pay all their debts and free themselves of the liability since a lot of loan like credit card loan, car loan, student loan, are hampering Howes to save up more. If they have plans for retiring in 22 years, they need to free themselves of all the loans and credit they have on them, thus saving up the interest money that goes out monthly. They can use that money for other expenses and purposes. In short term they might feel like they have lesser funds but they can have the relief that they don’t own anything to anyone and focus on saving for their future. There will be one more debt addition because of Pat’s college education, so it’s better they slowly focus on paying off the loans first and then proceed to making progress with the savings……
References
References
Doyle, A. (2019, May 14). How much is the average wage in America. The Balance Careers. Retrieved from https://www.thebalancecareers.com/how-much-is-the-average-raise-in-america-4582795
Solution, I. D. (n.d.). How To Set Financial Goals: 6 Simple Steps. InCharge Debt Solution.
Study Document
Walmart Total Rewards Program
… tasked with running the world’s largest company by revenue – to a wide range of specialized professionals, to the associates who form the low-wage core of the company’s workforce. Associates are often part-time, work the flexible hours demanded of retail roles, and perform relatively low-skilled jobs, but … have the people to keep its stores running, it will struggle to be profitable. Furthermore, it might end up spending more money increasing wage to achieve the same effect that total rewards can achieve.
Conclusions
Total rewards programs have the benefit of making the company more attractive … that total rewards can achieve.
Conclusions
Total rewards programs have the benefit of making the company more attractive than companies that offer similar wage, and at a lower total cost to the company. Walmart can improve its total rewards program by focusing on the working environment and … or employee discounts. By doing……
References
References
Group Dentistry Now (2019) Walmart introduces first-ever health center, which includes a comprehensive dental clinic. Group Dentistry Now. Retrieved May 7, 2020 from https://groupdentistrynow.com/dso-group-blog/walmart-introduces-first-ever-health-center-which-includes-a-comprehensive-dental-clinic/
Hiles, A. (2009) Tough times demand focus – total rewards strategy. Benefits Quarterly. Vol. 25 (4) 44-47.
Kaplan, S. (2005) Total rewards in action: Developing a total rewards strategy. Benefits & Compensation Digest. Retrieved May 7, 2020 from http://staceykaplan.com/pdf/Stacey_Kaplan_Total_Rewards.pdf
Kaplan, S. (2007) Business strategy, people strategy and total rewards. Benefits & Compensation Digest. Retrieved May 7, 2020 from http://www.staceykaplan.com/pdf/Stacey_Kaplan_Total_Rewards_And_Business_Strategy.pdf
Meyersohn, N. (2019) Walmart will recruit high school students with free SAT prep and $1 a day college tuition. CNN Business. Retrieved May 7, 2020 from https://www.cnn.com/2019/06/04/business/walmart-college-tuition-benefit-high-school-students/index.html
Rumpel, S. & Medcof, J. (2006) Total rewards: Good fit for tech workers. Research Technology Management. Retrieved May 7, 2020 from https://www.researchgate.net/profile/John_Medcof/publication/233718407_Total_Rewards_Good_Fit_for_Tech_Workers/links/5b214c87458515270fc6cfdb/Total-Rewards-Good-Fit-for-Tech-Workers.pdf
Study Document
The Phillips Cure And Unemployment
The Short-Run and Long-Run Relationship between Unemployment and Inflation
Introduction
Phillips observed a consistent inverse relationship between wage inflation and unemployment when he analyzed data from the UK spanning nearly a century from 1861 to 1957. The explanation Phillips gave was … 1957. The explanation Phillips gave was simple: the lower the unemployment rate, the more employers had to do to attract talent and raising wage was one of the primary ways to do just that (Wulwick, 1987). In a tight labor market, companies would race to quickly raise … was one of the primary ways to do just that (Wulwick, 1987). In a tight labor market, companies would race to quickly raise wage, and during periods of higher unemployment there would be less pressure to incentivize workers as the latter would consider themselves fortunate just to … higher unemployment there would be less pressure to incentivize workers as the……
References
References
Amadeo, K. (2019). Unemployment rate by year since 1929 compared to inflation and GDP. Retrieved from https://www.thebalance.com/unemployment-rate-by-year-3305506
FRED. (2019). FRED Graph. Retrieved from https://fred.stlouisfed.org/series/LNU04000024#0
Friedman, M. (1977). Nobel lecture: inflation and unemployment. Journal of political economy, 85(3), 451-472.
Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261.
Lucas, R. E., & Rapping, L. A. (1969). Price expectations and the Phillips curve. The American Economic Review, 59(3), 342-350.
Stiglitz, J. (1997). Reflections on the natural rate hypothesis. Journal of Economic Perspectives, 11(1), 3-10.
Wulwick, N. J. (1987). The Phillips curve: which? whose? to do what? how?. Southern Economic Journal, 834-857.
Study Document
Theory Practice Of Business Psychology In Johnson & Johnson Company
… motivation (Pardee, 1990; Herzberg, Mausner, & Snyderman, 1959).
Herzberg’s Two-Factor Principles (French, Rayner, Rees, & Rumbles, 2011)
Hygiene factors consist of salary, remuneration, wage, and work benefits, working conditions, company policies, work supervision, and also job security. These are concerning the workplace context, which is indicative of … and signified to be basic needs owing to the reason that they encompass an employee doing something to achieve external rewards such as wage, benefits, or promotion status. It is significant to note that the existence of hygiene factors will not necessarily motivate employees but could evade … a lack of motivation (Chapman, 2017). Regarding Johnson & Johnson, the company makes sure that all of its employees have fair and equal wage that surpass the minimum wage rate that is set in the region. Besides, the company is also comprehensive in making sure that the employees are given significant benefits, ………
References
References
Asim, M., 2013. Impact of Motivation on Employee Performance with effect of training: Specific to Education Sector of Pakistan. International Journal of Scientific and Research Publications, 3(9), 1-9.
Heneman, H. G., & Schwab, D. P., 1972. Evaluation of research on expectancy theory predictions of employee performance. Psychological Bulletin, 78(1), 1.
Herzberg, F., 1987. One More Time: How Do You Motivate Employees? Harvard Business Review, 65, 5.
Herzberg, F., Mausner, B. & Snyderman, B. 1959. The motivation to work. New York. John Wiley.
Hilgert, R. L., Leonard, E. C., 2001. Supervision: Concepts and practices of management. New York: South-Western College Publication.
Johnson & Johnson., 2020. Wellness 360: 9 Innovative Johnson & Johnson Employee Benefits for Mind, Body, and Budget. Retrieved 25 February 2020 from https://www.jnj.com/health-and-wellness/innovative-employee-benefits-and-wellness-programs-from-johnson-johnson
Johnson & Johnson., 2020. Careers: Healthiest Finances. Retrieved 25 February 2020 from https://www.careers.jnj.com/employee-benefits/financial-benefits .
Johnson & Johnson. , 2018. 2018 Health for Humanity Report: Creating Unique Career Opportunities. Retrieved 25 February 2020 from https://healthforhumanityreport.jnj.com/our-people/creating-unique-career-opportunities
Study Document
Developing Organizational Practices And Policies
… setting are: the need to promote better outcomes via the acquisition and implementation of new technology and the need to raise the minimum wage of employees as a motivation and retention strategy.
To begin with, it should be noted that technology is of great relevance in healthcare … under pressure, the acquisition and implementation of new technology could mean that less attention is apportioned to the need to raise the minimum wage of employees as a motivation and retention strategy. This is despite the latter move being equally important in the light of nurse shortages … only through proper understanding of the issues - i.e. the acquisition and implementation of new technology and the need to raise the minimum wage of employees as a motivation and retention strategy – and how they operate individually that they can be integrated for the wellbeing of ……
References
References
Agah, A. (Ed.). (2013). Medical Applications of Artificial Intelligence. New York, NY: CRC Press.
Barlow, J. (2016). Managing Innovation in Healthcare. Hackensack, NJ: World Scientific Publishing Company.
Cherry, B. & Jacob, S.R. (2018). Contemporary Nursing: Issues, Trends, & Management (8th ed.). St Louis, MO: Elsevier Health.
Jones, C.B. & Gates, M. (2007). The Costs and Benefits of Nurse Turnover: A Business Case for Nurse Retention. Online Journal of Issues in Nursing, 12(3).
Littlejohn, L., Campbell, J., Collins-McNeil, J. & Khayile, T. (2012). Nursing Shortage: A Comparative Analysis. International Journal of Nursing, 1(1), 22-27.
Kruse, C.S. & Beane, A. (2018). Health Information Technology Continues to Show Positive Effect on Medical Outcomes: Systematic Review. J Med Internet Res, 20(2).
Study Document
Operations Management And Business Strategy
… niche markets.
The Challenge
Fiyeli faces a long-term challenge to ensure a stable supply chain of high quality coffee beans. Rising consumption has increase demand, while climate change is threatening supply, the result being a spike in the price (Mersie, 2019) and decline in availability of high … responsibility is a major issue in coffee. The typical issue is with regards to the farmers, and their ability to earn a fair wage and rate of pay for their work. Fiyeli works with star growers, and because of that, pays them a healthy wage, especially when buying direct. This version of fair trade, conducted without certification but with public reporting, helps the company and its key stakeholders … to some extent into vertical integration to make this happen. The company will also have specific reporting on domestic issues such as fair wage, wage equity, and other initiatives that are generally……
References
References
Aburto, L. & Weber, R. (2005) Improved supply chain management based on hybrid demand forecasts. Applied Soft Computing. Retrieved June 13, 2019 from https://s3.amazonaws.com/academia.edu.documents/30284637/demand_forecast_in_a_supermarket_using_a_hybrid_intelligent_system.pdf
CT Magazine (2012) Coffee packaging freshness. Coffee Talk Magazine. Retrieved June 13, 2019 from https://coffeetalk.com/ctmagazine/10-2012/3926/
Del Valle, G. (2019) Wholesale coffee is cheaper than it has been in years. That’s not good news. Vox. Retrieved June 13, 2019 from https://www.vox.com/the-goods/2019/4/25/18512680/coffee-futures-price-dropping-brazil-currency
Garza, E. & Hoffman, M. (2019) How climate change is killing coffee. Knowledge @ Wharton. Retrieved June 13, 2019 from https://knowledge.wharton.upenn.edu/article/coffee-climate-change/
Khan, O. & Creazza, A. (2005) The impact of product design on the supply chain. Chartered Institute of Logistics and Transport Retrieved June 13, 2019 from https://www.researchgate.net/publication/265492088_The_Impact_of_Product_Design_on_the_Supply_Chain_The_Impact_of_Product_Design_on_the_Supply_Chain
Manetti, G. & Becatti, L. (2009). Assurance services for sustainability reports: Standards and empirical evidence. Journal of Business Ethics. Vol. 87 (2009) 289-298.
Mersie, A. (2019) Coffee prices seen rising 25% by year end. Reuters Retrieved June 13, 2019 from https://www.reuters.com/article/us-global-coffee-poll/coffee-prices-seen-rising-nearly-25-percent-by-year-end-reuters-poll-idUSKCN1Q11JD
Mordor Intelligence (2017) United States coffee market – growth, trends and forecasts. Mordor Intelligence Retrieved June 13, 2019 from https://www.mordorintelligence.com/industry-reports/united-states-coffee-market
Study Document
Walmart And Starbucks Sustainability
...Wage increase Sustainability
Literature Review
The Starbucks' Social Responsibility & Sustainability (2017) outlines the company's plan for each on several fronts. These are complex issues, and they receive some complexity in their treatment. Starbucks has four main areas of focus: community, ethical sourcing, environment, and diversity. Roughly, community and diversity would fall into the category of social responsibility, as these cover community service, youth action, the Starbucks Foundation, the Ethos Water Fund, and the company's diversity plan. On the sustainability front, there is the ethics of coffee, tea, cocoa and farmer support and this combines with water, energy, green building and climate change. The company's marketing of its approach contains a lot of high level discussion, but there are opportunities to take a deeper dive into specific initiatives and metrics. A lot of what Starbucks does with its approach focuses on things that matter most to the company (its supply chain, for……
References
References
Aguilera, R, Rupp, D., Williams, C. & Ganapathi, J. (2005) Putting the S back in corporate social responsibility: A multi-level theory of social change in organizations. Academy of Management Review. (2005). Retrieved November 4, 2017 from https://www.ideals.illinois.edu/bitstream/handle/2142/1768/TS_Aguilera.pdf?sequence=2&isAllowed=y
Banerjee, S. (2008) Corporate social responsibility: the good, bad and the ugly. Critical Sociology. Vol. 34 (1)
Blowfield, M., Frynas, J. (2005) Editorial setting new agendas: Critical perspectives on corporate social responsibility in the developing world. International Affairs. Vol. 81 (3) 499-513.
Brammer, S., Jackson, G. & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review. Vol. 10 (2012) 3-28.
Campbell, J. (2007) Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility The Academy of Management Review. Vol. 32 (3) 946-967.
Epstein, E. (1987) The corporate social policy process: Beyond business ethics, corporate social responsibility, and corporate social responsiveness. California Management Review. Vol. 29 (3) 99.
Friedman, M. (1970) The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 4, 2017 from https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Heningway, C. & Maclagan, P. (2004) Managers' personal values as drivers of corporate social responsibility. Journal of Business Ethics. Vol. 50 (1) 33-44.
Study Document
The Government S Economic Policies Effect Good Or Bad Economy
… level of money supply within an economy. It is traditionally used to reduce unemployment during the recession because it lowers interest rates and increase aggregate demand. With a low-interest rate, entrepreneurs can expand their existing businesses or begin new enterprises. This helps in creating more jobs in … of the economy.
Additionally, the expansionary policy causes demand-pull inflation and reduces net exports. The contractionary monetary policy reduces the money supply and increase interest rates within an economy. When the Fed implements this policy, it intends to stabilize the economy and reduce aggregate demand to reduce … this policy, it intends to stabilize the economy and reduce aggregate demand to reduce inflation. Contractionary monetary policy also causes deflation and an increase in net exports.
Goals of Monetary Policy
The Feds have two goals that guide its monetary policy: maximum employment and price stability (McGraw-Hill … (McGraw-Hill Education, n.d.) All economies……
References
References
Federal Reserve. (2020, March 15). Federal open market committee. Retrieved March 30, 2020, from https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
Labonte, M. (2020). Monetary policy and the Federal Reserve: Current policy and conditions (RL30354). Retrieved from Congressional Research Service website: https://fas.org/sgp/crs/misc/RL30354.pdf
Madimutsa, C. (2008). The Policy Formulation Process. Retrieved from https://www.researchgate.net/publication/336927323_The_Policy_Formulation_Proce ss
McGraw-Hill Education. (n.d.). The role of government. Retrieved from https://www.jasonsclassroom.com/social-studies/cc-basics/chapter-5/lesson-5.3/
Suman, S. (2015, October 26). Monetary policy: Objectives, advantages, and disadvantages. Retrieved from https://www.economicsdiscussion.net/monetary-policy/advantages/monetary-policy-objectives-advantages-and-disadvantages/12768
Study Document
The Rise Of The Opium Trade In Afghanistan Following The US Invasion
… of Afghanistan. Were the US genuinely interested in stopping the farming and production of opium, one would think these farms would not have increase in size—yet they have—which points to the existence of an ulterior motive and a possible Contra-like operation going on.
To that end, one ……
References
References
Almukhtar, S. & Nordland, R. (2019). What Did the U.S. Get for $2 Trillion in Afghanistan? Retrieved from https://www.nytimes.com/interactive/2019/12/09/world/middleeast/afghanistan-war-cost.html
Barno, D. (2007). The Other War: Counterinsurgency Strategy in Afghanistan 2003– 20. Military Review, 87(5), 32–44.
Barton, G. (2016). Out of the ashes of Afghanistan and Iraq: the rise and rise of Islamic State. Retrieved from https://theconversation.com/out-of-the-ashes-of-afghanistan-and-iraq-the-rise-and-rise-of-islamic-state-55437
Felbab-Brown, V. (2017). Afghanistan’s opium production is through the roof—why Washington shouldn’t overreact. Retrieved from https://www.brookings.edu/blog/order-from-chaos/2017/11/21/afghanistans-opium-production-is-through-the-roof-why-washington-shouldnt-overreact/
FM 3-24. (2014). Retrieved from https://fas.org/irp/doddir/army/fm3-24.pdf
Hitz, F. P. (1999). Obscuring Propriety: The CIA and Drugs. International Journal of Intelligence and CounterIntelligence, 12(4), 448-462.
IrishTimes. (2001). Britain freezes £61m of suspected Taliban assets. Retrieved from https://www.irishtimes.com/news/britain-freezes-61m-of-suspected-taliban-assets-1.398565
Kiras, J. D. (2002). Terrorism and Irregular Warfare, in John Baylis, James Wirtz, Eliot Cohen and Colin Gray eds., Strategy in the Contemporary World (Oxford: Oxford University Press, 2002), 208–232.
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