With the changing state of the global economy Many governments and interest groups have emphasized on the minimum wage that should be paid in their different countries. Although the move is aimed at protecting workers from exploitative employers, it also affects other aspects of the economy including employment, government income, corporate...
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Supply-side policies are policies that are developed to increase the aggregate supply, a shift from left to right. These policies are aimed at enhancing the productive capacity of an economy and at the same time improve the quality and quantity of the factors of production. These policies lead to lowering...
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Money plays a significant role in the economy. The purposes of money include as medium of exchange where money is used in exchange for goods and services. Money is also used as measures of value where it acts as a common denominator permitting every good or service to be priced...
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Human capital is defined as the knowledge, skills and competencies possessed by the labour market which is used to produce goods, services and ideas. Various attributes are embodied in human capital. For instance, a person’s education might be good but possess poor management skills. Human capital is therefore dimensional and...
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Deflation and its Positive Effects Deflation is both a negative and a positive thing. Some of the positive effects of deflation include the fact that it reduces the burden of private and private debt. It also enables banks to adjust and control the interest rates of a product to stabilize the...
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The Allegations Against Microsoft The article by Fiegerman discusses the allegations against Microsoft on the issue of gender discrimination and sexual harassment. The author notes that employees of Microsoft have reported 108 cases of sexual harassment and 119 incidences of gender discrimination between 2010 and 2016. Apparently, the company has allowed...
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a) Percentage change in the price of food and clothing for the 2004 and 2005 period. Percentage change in the price of food Change in food price $12-$8= $4 Percentage change= X100% = 50% The price of food between the years 2004 and 2005 changed by 50% Percentage change in clothing...
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Changing the federal minimum wage has been a notorious economic topic of discussion across the globe for several years now. There are people who constantly argue that the federal minimum wage should be raised while others argue that it should not be increased because of the effects this can have...
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Unemployment in the Philippines Unemployment is a major issue that influences a nation's politics. The statement about unemployment in the Philippines attracts many political views. The unemployment rate in the Philippines is high because of the unavailability of jobs to be offered to people. The growth of unemployment rate in the...
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Corporate Indignities and Freddie Mac Scandal Corporate indignities happen all the time in the worldwide, whether it’s written on paper or hidden within closed doors. Freddie Mac, a home mortgage corporation, was able to get away with billions of dollars hidden within their financial statements. After further review of the company,...
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Legalizing same-sex marriage in Australia has been a major issue of debate for many years. The general public, political class, and the religious leaders have always remained sharply divided over the matter. People cited various reasons for their varied standpoints over the issue. Majority of the people who took an...
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External recruitment methods Organisations often use external recruitment approaches to attract suitable candidates to fill in a vacant job vacancy. External recruitment refers to the process of assessing several candidates from outside the organisation for their skills and qualifications to fill in positions in the company. There are various methods used...
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