Essays on Workforce

High wages for the restaurant employees will lead to a decrease in their demand. High wage will result in less demand of the restaurant workers. The restaurant will avoid employing many restaurant workers so as not to force them to forgo paying for other services that are more valuable t...

The equilibrium price is a point in the market where the quantity supplied and the quantity demanded equal or the two curves intersect. From the values in the table, the equilibrium price is 300. b) Calculate the subsidy per treatment such that, in equilibrium, all...

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...

A range of economic issues have been analyzed by different economists and most of these issues are related to economic growth, yet human capital produces personal economic growth which eventually corresponds to national or social aggregates. Human capital plays a paramount role in enhancing personal, social and national economic growth....

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...

A minimum wage is the lowest pay per hour than an employer can legally pay their workers. The minimum wage per hour depends on the type of job being done and the state where the job is being done. The United States enacted a minimum wage in 1938 in line...

Economists' Views on the Falling Rate of Profit Economists in the 19th century had their different and straightforward opinion on the falling rate of profit of the industries. For instance, Ricardo argued that profits due to a natural tendency cost by high cost of hiring labor to produce foodstuffs which demanded...

Data entry is a crucial aspect of Interwest Healthcare Corp Therefore, it is integral for the management to understand why the hospital staff is not being careful when entering data into the firm's management information system. One potential source of the problem is leadership, the administrators of the 10 hospitals under...

Minimum wage refers to an economic principle affecting the incomes of citizens within a nation. They apply such policies to ensure that persons can maintain possible quality of life. It is binding when the amount is set above the equilibrium wage. Question 2 The national minimum wage per hour in Australia for...

Employment and unemployment are very critical economic indicators. Therefore, it’s crucial to understand how the figures for unemployment are obtained and assessed. Thus, there is need to figure out which people are termed as unemployed. In the UK the ONS quotes the unemployment figures after every three months which is...

Unemployment entails a situation whereby a section of people in an economy’s work force who have the capacity and the will to work but they lack jobs. It is expressed as a percentage of an entire work force. It is calculated as a ratio of the number of unemployed people...

Bartakova, Gabriela Pajtinkova, Jarmila Brtkova, Katarina Gubiniova, and Milos Hitka. "Actual trends in the recruitment process at small and medium-sized enterprises with the use of social networking." Economic Annals-XXI 164, no. 3-4 (2017): 80-84. doi:10.21003/ea.v164-18. The main argument of this text is that the use of social media has also impacted...