The Minimum Wage - Free Essay Example

Sample details Pages: 2 Words: 748 Downloads: 4 Date added: 2019/05/15 Category Law Essay Level High school Tags: Minimum Wage Essay Did you like this example? One of the most passionate topics in todays political scene is the Minimum Wage. Folks on both sides of the political aisle have very stong opinions on the topic, and as a result it is difficult if not impossible to find a compromise everyone can get behind. On one hand, progressives argue that the current minimum wage is unfair and exploitative of workers and should be raised. The conservatives suggest that a higher minimum wage would violate free market principles, raise unemployment, and lead to outsourcing and automation. According to those on the left, every worker deserves to be paid a living wage. The current minimum wage, $7.85 an hour federally, is not enough to provide a living for low wage workers and their families. They use companies like Walmart as an example. Although Walmart now pays a $12 per hour minimum wage, it is thought of as a company that pays poverty wages to its employees. Walmart provides information to its employees on how to sign up for government assistance programs, knowing that it doesnt pay enough to keep people off welfare. Clearly, the fact that nobody can survive on less than $8 per hour, the left suggests that it is time to raise the minimum wage. Don’t waste time! Our writers will create an original "The Minimum Wage" essay for you Create order In addition, progressives make the argument that because many people will see a pay increase, this will lead to more buying power for a lot of Americans and more profit for businesses. This will in turn lead to businesses being able to provide their workers a higher wage. Those on the economic right disagree. They suggest that the relationship between an employee and employer should be kept free from government interference. Because workers are freely choosing to work for their employer at whatever their wage is, they argue, is proof that the business relationship is consensual. In response to the argument that the current minimum wage is not a living wage, the right would suggest that low wage jobs were not meant to support families and independent workers. They argue that jobs like Walmart, McDonalds, and Subway are meant for young people who still live with their parents and as a way for those with another full time job to earn some extra income. Furthermore, they would suggest that these entry level jobs in retail and fast food are also meant to be a stepping stone to a better career. Although workers are not supposed to stay working at an entry level job at McDonalds for many years, this if often the case. Instead, one should work at McDonalds at $7.85 an hour for a year or so and then become a manager making $12 per hour and up. Maybe after one has been a manager for enough time, they could make a move to a better paying company. Another important argument against raising the minimum wage is that it creates unemployment. According to conservative economist Milton Friedman, It is better for a youngster to be employed at $1 per hour than unemployed at $1.40 per hour. The basic argument that Friedman is making is that having to pay more incentivizes employers to hire less workers and to give less hours to the employees they already have. Ultimately, it would lead to a decrease in jobs available and a decrease in weekly and monthly pay for those who do have a job. Conservatives argue that one of the ways in which the minimum wage creates unemployment is by forcing employers to increase outsourcing and automation. It might be cheaper for an employers to pay someone $8 an hour to work the McDonalds cash register than to invest in an automated kiosk, however, once their labor cost goes up to $15 an hour, that calculus might change. At that point, it could be a better financial choice to automate than to pay a worker a wage. In addition, because production costs are lower in other countries, raising the minimum wage here could make it more profitable to outsource labor to other countries. This would of course lead to more unemployment in industries like manufacturing. Overall, there are several arguments for and against the minimum wage, but the issue really comes down to whether the government has a right or a duty to interfere in private business to ensure workers are being paid fairly. Those on the left suggest that the right to a ?living wage necessitates the government mandating a higher minimum wage while those on the right argue that the government has no business intervening in private business relationships.

Wedding Speech By The Maid Of Honor And The Best Man

For every person that exists, there is at least one other person with whom they will laugh with, love with, and live life with. These are the people who will support the decisions you make, encourage you to keep going after massive failures and love you despite all your flaws. We cherish the relationships we built and the friendships we have because there’s nothing more valuable than having your best friend’s presence through each decision made, through each important event, through each step you take in life. Without friends, we would be alone. The devotion and loyalty between two friends are shown through real life interactions. However, written words can also show how much two friends care for one another. Text messages and wedding speeches may seem to have no connection to each other, but through content, tone and specific conventions, both genres reveal how close two people are. A wedding speech is usually given by the maid-of-honor and the best man. These two positions hold special meaning because it is meant to be given by someone whom the bride and groom cherish and love. To be given the position of maid-of-honor or best man already shows how much love and respect the bride or groom has for their friend. Wedding speeches, in return, show how much love and respect the maid-of-honor or best man holds for their friend. Because wedding speeches are written by close friends, the content in the speech, oftentimes, make it touching and emotional. Most commonly, theShow MoreRelatedA Wedding Speech By The Maid Of Honor And Th e Best Man1750 Words   |  7 Pagesfor each other. Wedding speeches and text messages seemingly have no connections to one another; but through purpose, audience, and conventions such as tone, diction, and grammar choices we see that the two genres reveal how close two friends are. 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It was the most nerve wrecking yet amazing thing to be apart of. People who do not have fears of standing in front of a hundred people or so would not be bothered by it, but since I have this fear it was a struggle. From finding a dress, shoes, hair, etc. we struggled to get it all done, but we made it. When my sister first got engaged, her and Andrews wedding was not supposed to be until June of 2015. They both wantedRead MoreThe Representation Of The Speaking Model949 Words   |  4 Pagesalso addresses the norms of an event, the norms address the shoulds and the should nots that can occur at a wedding. Although every bride and groom follows not each of these practices, there are many norms to a wedding held in America. Many norms followed start even months or years before the ceremony takes place. It all starts with choosing a date. This forms the base for your entire wedding; it defines what colors to use, what materials to wear, if guests can attend, and many other factors. 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Distinguished guests, those of lesser distinction, and those of no distinction at all, family relatives, new and old, in-laws and out-laws, friends, friends of friends, and freeloaders, welcome to our wedding reception. First of all I would like to thank my brothers and my new sister for their kind words. I did have a speech all worked outRead MoreFeminist Criticism Of Bridesmaids1618 Words   |  7 Pageslovelorn, soon-to-be maid of honor, who attempts to mend her low self-esteem through sex with a hot, rich conceited narcissist. The bride, played by Maya Rudolph, who’s new beautiful, perfect friend, Helen, played by Rose Byrne, is threatening to take Annie’s place as the bride’s BFF. The supporting cast includes Melissa McCarthy, who plays Megan, the butch sister of the groom, adding to the array of humor throughout the film. 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During this first scene, it quickly becomes clear that he knows he feels something for Hero, but he is unsure of exactly what

A Report on Innovation Management

Questions: 1. In the case study Bluà ¢Ã¢â€š ¬Ã‚ ray versus HDà ¢Ã¢â€š ¬Ã‚ DVD: A standards battle in highà ¢Ã¢â€š ¬Ã‚ definition video (Schilling, 2013, pp 65à ¢Ã¢â€š ¬Ã‚ 66), what factors do you think influenced whether (1) consumers, (2) retailers, and (3) movieà ¢Ã¢â€š ¬Ã‚ producers supported Bluà ¢Ã¢â€š ¬Ã‚ ray versus HDà ¢Ã¢â€š ¬Ã‚ DVD? Discuss and justify your answer using the theory behind the selection of dominant designs. 2. In the case study Dyesol: Partnering to harness the power of the sun (Schilling, 2013, pp 151à ¢Ã¢â€š ¬Ã‚ 153), discuss the advantages and disadvantages of collaborating with external partners. Justify your answer. Answers: Introduction: The report aims at providing an insight into the provided case studies. It discusses about the factors that influenced whether consumers, retailers, and movie-producers supported Blu-ray versus HD-DVD and the relevant theory behind the selection of dominant designs. In the second part of the report, the case study of Dyesol is referred to. It discusses the advantages as well as disadvantages of collaboration of external partners, and how Dyesol is benefited from its effective collaborations. Since the very beginning, there was a constant competition amidst Sony and Toshiba regarding their latest innovations. Both were going at par with each other. However, during the eve of the Consumer Electronics Show at Las Vegas during early 2008, it was announced by Time Warner that it would be defecting to the Blu-ray standard (Brush, 2000). This had created a chain reaction amidst the retailers that led Best Buy, Netflix, and Walmart all declaring that they would exclusively stock Blu-ray DVDs. This was how Sony had succeeded in the dominant design. To refer to some of the factors that led the retailers, consumers and stakeholders to select Sonys innovation as it was globally accepted and recommended (Sony and Naik, 2012). The technology of Sony named as Blu-ray had the back up of a consortium which included Matsushita, Philips, Hitachi, and some others. The consistency of Sonys quality and brand recognition had led to its further success. The advantages of a technology may be only observed after achievement of critical users. This refers to a significant race for tipping the point of the installed base (Digital's advantages and disadvantages, 2010). Once this is achieved by any of the formats, the race can be won as well as the format would become the dominant one. As a result, Sonys decision to incorporate a Blu-ray-player with their Playstation 3, that demanded giving away Blu-ray-players for free, proved to be beneficial in terms of sales. 1. As per the raised question based on the case study provided, it is to be note that every party within the standards battle possessed its own individual justifications for selecting one specific standard over another. For example, the wishes of movie producers for selecting Blu-ray were thoroughly varied from the wishes of the consumers for selecting Blu-ray. As interpreted from the case scenario, the most significant factors which influenced consumers within their decision for supporting either Blu-ray or HD_DVD comprised of technical differences, size of the installed base, and that of complementary goods. To support any one of the given standards, from the perspective of a consumer, may be referred to as buying a Blu-ray or an HD-DVD player. On a general basis, consumers may be grouped into two categories: Early users and that of majority(Gemnden, Killen and Kock, 2013). Early users favored one of the two standards depending on technical differences as well as complementary goods. With respect to the given case, early users are those consumers who get attracted to technology and along with it they conduct the research themselves regarding the better standard. The concept of complementary goods refers to the number of movies which releases on any one of the given standards. This is also quite important. The second group that is majority takes decision depending upon the size of the installed base as well as complementary goods. The number of movies is gain important for them but size of the installed base is most relevant for the majority. The advantages of a technology may be only observed after achievement of critical users. This refers to a significant race for tipping the point of the installed base (GENUS and COLES, 2006). Once this is achieved by any of the formats, the race can be won as well as the format would become the dominant one. As a result, Sonys decision to incorporate a Blu-ray-player with their Playstation 3, that demanded giving away Blu-ray-players for free, proved to be beneficial in terms of sales. When the war had started among the two leading innovations, the retailers were left affected as well as they got stuck with unwanted inventory in Betamax players as well as movies. The severe threat of another innovative format war had resulted several retailers as well as consumers to delay their purchases of the latest players while they waited to witness if the market would go in favor of a winner. Some of the factors that influenced the retailers are that of the uncertainty that prevailed with the arrival of new technologies. The retailers had had been selling the previous generation product, and they had sufficient amount of inventory in store already. But when the demand shifted to new technology and innovation, they were left with a huge inventory that remained unsold (Gershon and Kanayama, 2002). In the early 2008, Toshiba had lined up many major Hollywood studios for its format, even that of Time Warners Warner Brothers, Dreamworks Animation, Viacoms Paramount Pictures, and NBC Universals Universal Pictures. Sony possessed its personal Sony Pictures Entertainment, News Corporations 20th Century Fox, Disney, and Lions Gate Entertainment. Sony had incorporated a Blu-ray device while HD_DVD was offered as an option to add-on for Xbox 360 of Microsoft. However, in early January 2008, it was announced by Time Warner that it would be defecting to the Blu-ray standard (Haner and Bakke, 2008). This created a chain reaction amidst the retailers that made some leading retailers to stock Blu-ray DVDs. The leading global retailers always aim at acquiring the best services possible at the lowest price on account of the technological advancement. Although retailers get a varied option and availability of product option in this marketing tug of war, yet the major responsibility lies in the fact that the retailers need to make an effective choice of a particular format. The number of movies is gain important for them but size of the installed base is most relevant for the majority. The advantages of a technology may be only observed after achievement of critical users (Lee, 2005). This refers to a significant race for tipping the point of the installed base. Once this is achieved by any of the formats, the race can be won as well as the format would become th e dominant one. As a result, Sonys decision to incorporate a Blu-ray-player with their Playstation 3, that demanded giving away Blu-ray-players for free, proved to be beneficial in terms of sales. 2. The solar market imposed a greater challenge during the last few months, not just with respect to profitability for manufacturing firms, but also pre-revenue firms like Dyesol, that have been creating innovative technologies. The challenge for the firm is to gather fund for conducting various projects (Lee, 2005). This may be one of the advantages of collaboration with external partners. Effective partnerships with loyal shareholder base may enable the firm to get sufficient funds for its accomplishments. Collaborations with external factors would create opportunities amidst potential strategic investors(Saebi and Foss, 2014). As mentioned in the case scenario, the successful partnerships of Dyesol with external factors would lead to some key advantages and disadvantages as follows: Advantages: Partnership allows two heads that may jointly take important decisions regarding the accomplishments of projects (Sony, Mariappan and Kamat, 2011) With collaboration with external factors, it becomes easier for the Dyesol business to establish itself potentially along with low start-up cost Increased amount of capital is available with joint partnerships An opportunity exists for splitting of income, with an advantage of specific importance on account of resulting saving of tax (Lee, 2005) Partnership would allow Dyesol to maintain concrete privacy of its business conducts Collaboration with external partners would limit any external regulation Effective partnerships would make it convenient for the firm Dyesol to reframe its legal structure in the future if situation demands so (Saemundsson and Candi, 2013) Disadvantages: In terms of business collaborations, the liability of partners for business debts is unlimited The partnership renders each of the partners to be liable for the debts of the partnership. Each party would be liable for their share as well as that of the partnership A risk of disagreements as well as conflict exists amidst partners as well as management On collaborating with external partners, Dyesol would be liable for each and every action of the external partner (Mathur and Singh, 2010) If Dyesol would ever require to leave, it has to value all the assets of partnership which can be highly expensive at times In the previous year, as per the announcement of the collaboration amidst Dyesol and Tata Steel, the plant would be integrating steel featuring DSC technology within developing projects. The projects are well assured, however it requires staying focused upon the risk management as well as providing for possible disappointments. The company has also been collaborating with Pilkington. Dyesol has been working with Pilkington in North America. Delays have been there towards the North American grant programs on account of certain restructuring at the state level. The challenge for the firm is to gather fund for conducting various projects (Priyanto and Sandjojo, 2005). This may be one of the advantages of collaboration with external partners. Effective partnerships with loyal shareholder base may enable the firm to get sufficient funds for its accomplishments. Collaborations with external factors would create opportunities amidst potential strategic investors (Michael and Mariappan, 2011 ). With respect to the collaboration of Dyesol with all external collaborations, creating a collaboration would not only strengthen its campaign, but also demonstrate towards the community, funders, and decision-makers and all stakeholders about what needs to be done and what not. The collaboration of Dyesol with Tata Steel and Pilkington had offered a potential mechanism to leverage the DSC technology. It also imposed some risk that the Tata chemical business would gradually learn to reverse engineer Dyesols products, and identify ways to circumvent its patents (Sony struggles to remain creative, 2004). In that case, it may find itself to have a lengthy and expensive litigation battle against an opponent. Under the collaboration deal with Pilkington, both the firms have created a joint venture named DyeTec Solar. This would use the DSC coating of Dyesol upon the architectural glass for creating photovoltaic functionality (Otubanjo, PhD et al., n.d.). The new coated sheet-glass solar panels were never used earlier within the commercial market. Hence it led to high market uncertainty (Uggla and Verick, 2008). Managers within the firm felt that instead of emphasizing on large ventured projects which would require considerable time as well as investment upon Dyes ols part, the firm must emphasize instead upon liberally licensing technology to various manufacturers who can incorporate DSC into their products. Conclusion: Thus from the above discussion, some important ideas may be concluded with respect to business and technology environment. As interpreted from the case scenario, the most significant factors which influenced consumers within their decision for supporting either Blu-ray or HD_DVD comprised of technical differences, size of the installed base, and that of complementary goods. To support any one of the given standards, from the perspective of a consumer, may be referred to as buying a Blu-ray or an HD-DVD player. When the war had started among the two leading innovations, the retailers were left affected as well as they got stuck with unwanted inventory in Betamax players as well as movies (Otubanjo, PhD et al., n.d.). The severe threat of another innovative format war had resulted several retailers as well as consumers to delay their purchases of the latest players while they waited to witness if the market would go in favor of a winner. Some of the factors that influenced the retailer s are that of the uncertainty that prevailed with the arrival of new technologies. With collaboration with external factors, it becomes easier for the Dyesol business to establish itself potentially along with low start-up cost. Increased amount of capital is available with joint partnerships. In terms of business collaborations, the liability of partners for business debts is unlimited. The partnership renders each of the partners to be liable for the debts of the partnership (Panda, Pangtey and Sony, 2003). Each party would be liable for their share as well as that of the partnership. A risk of disagreements as well as conflict exists amidst partners as well as management. On collaborating with external partners, Dyesol would be liable for each and every action of the external partner. The challenge for the firm is to gather fund for conducting various projects. This may be one of the advantages of collaboration with external partners. Effective partnerships with loyal shareholder base may enable the firm to get sufficient funds for its accomplishments. Collabora tions with external factors would create opportunities amidst potential strategic investors. The collaboration of Dyesol with Tata Steel and Pilkington had offered a potential mechanism to leverage the DSC technology. It also imposed some risk that the Tata chemical business would gradually learn to reverse engineer Dyesols products, and identify ways to circumvent its patents. In that case, it may find itself to have a lengthy and expensive litigation battle against an opponent. Under the collaboration deal with Pilkington, both the firms have created a joint venture named DyeTec Solar (Petronio and Colacino, 2008). This would use the DSC coating of Dyesol upon the architectural glass for creating photovoltaic functionality. References Brush, G. (2000). Supplier development strategies for small high technology firms.Innovation: Management, Policy Practice, 3(3), pp.3-10. Digital's advantages and disadvantages. (2010).Dental Abstracts, 55(5), pp.277-278. Gemnden, H., Killen, C. and Kock, A. (2013). A Special Issue of Creativity and Innovation Management: Implementing and Informing Innovation Strategies through Project Portfolio Management.Creativity and Innovation Management, 22(1), pp.103-104. GENUS, A. and COLES, A. (2006). FIRM STRATEGIES FOR RISK MANAGEMENT IN INNOVATION.International Journal of Innovation Management, 10(02), pp.113-126. 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Response to Symptomatic Management of Postoperative Bullous Keratopathy With Nonpreserved Human Amniotic Membrane.Cornea, 22(2), p.187. Petronio, A. and Colacino, P. (2008). MOTIVATION STRATEGIES FOR KNOWLEDGE WORKERS: EVIDENCES AND CHALLENGES.Journal of Technology Management Innovation, 3(3). Priyanto, S. and Sandjojo, I. (2005). Relationship between entrepreneurial learning, entrepreneurial competencies and venture success: empirical study on SMEs.IJEIM, 5(5/6), p.454. Saebi, T. and Foss, N. (2014). Business models for open innovation: Matching heterogenous open innovation strategies with business model dimensions.European Management Journal. Saemundsson, R. and Candi, M. (2013). Antecedents of Innovation Strategies in New Technology-based Firms: Interactions between the Environment and Founder Team Composition.Journal of Product Innovation Management, 31(5), pp.939-955. Sony struggles to remain creative. (2004).Strategic Direction, 20(4), pp.10-12. Sony, M. and Naik, S. (2012). Six Sigma, organizational learning and innovation.Int J Qual Reliability Mgmt, 29(8), pp.915-936. Sony, M., Mariappan, V. and Kamat, V. (2011). Stochastic modelling of failure interaction: Markov model versus discrete event simulation.International Journal of Advanced Operations Management, 3(1), p.1. Uggla, H. and Verick, H. (2008). Strategic brand management decision: the case of Sony Ericsson Walkman.Strategic Direction, 24(9), pp.3-5.