The Argument Against Raising Minimum Wage - 952 Words

Paying for a college education creates a dilemma when a student only earns minimum wage flipping burgers at a local fast food restaurant. The current federal minimum wage stands at $7.25 per hour before taxes. The debate on whether it should increase or remain constant has been occurring for many years. Raising the minimum wage to match the current cost of living seems like a good idea, but this could cause some negative effects. John Komlos’ article â€Å"Why raising the minimum wage is good economics† delivers a more effective argument than Rex Huppke’s article â€Å"The argument against raising minimum wage† through the use of ethos, logos, and a valid conclusion. To start with, ethos constitutes the first element of comparison between the articles. Beginning in â€Å"Why raising the minimum wage is good economics,† Komlos includes The Economist, a â€Å"weekly international news and business publication† to increase his credibility on thi s topic (The Economist, n.d., para. 1). Second, Komlos’ (2015) article contains â€Å"Alan Kruegar of Princeton University† (para. 7). One may not know Alan Kruegar, however reading Princeton University immediately catches the eye and gives Komlos more credibility. Additionally, Komlos supplies a synopsis about himself at the end of the article which allows the reader to see that he â€Å"is a professor emeritus of economics and of economic history at the University of Munich† (para. 14). In â€Å"The argument against raising minimum wage,† Huppke introduces fourShow MoreRelatedRaising The Minimum Wage?1575 Words   |  7 PagesThe issue of raising the minimum wage from $7.25 to $15 an hour is a heavily debated topic. Both sources against or in favor of the minimum wage refer to a â€Å"growing gap† between low-income workers and high-income earners. Sources against the minimum wage believe raising it will increase this gap, whereas those in favor of the minimum wage believe it will decrease this gap. The arguments in favor of the minimum wage rely mostly on ethical beliefs, such as â€Å"pay should reflect hard work,† to advanceRead MoreMinimum Wage During The Great Depression1419 Words   |  6 PagesThe Minimum Wage Battle In the United States, the minimum wage was passed during the Great Depression in 1938 to protect the buying power of normal workers in a period in which the â€Å"unemployment rate was still a very high 19 percent† (Sklar, 2009, p. 1). Since that time, there has been significant debate about the controversial topic of raising the federal minimum wage. The federal minimum wage law was created to eliminate unfair practices of sweat shops and manufacturing companies during this timeRead MoreShould the Federal Minimum Wage Be Raised?900 Words   |  4 Pagesthe United States is complicating whether or not our nation should raise the federal minimum wage. Ranging from researchers who have been studying this incompatible topic throughout their entire lives to amateurs who simply expose their opinions without any logical reasoning to the public are still not able to come to an agreement for a stable minimum wage. Many citizens may assume that increasing the minimum wage, $7.25, an hour, by a couple dollars may not make a significant impact to our economyRead MoreMinimum Wage And Fight Income Equality On Numerous Occasions1470 Words   |  6 PagesPresident Obama has expressed his desire to raise the minimum wage and fight income equality on numerous occasions. On January 20, 2015, president Obama made the following statement in his State of the Union Address: Of course, nothing helps families make ends meet like higher wages†¦and to everyone in this Congress who still refuses to raise the minimum wage, I say this: if you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to giveRead MoreThe Minimum Wage Act Of 20071607 Words   |  7 Pages Introduction In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as â€Å"a floor below wages,† to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplementRead More We Should NOT Raise the Minimum Wage1171 Words   |  5 Pages What would be so bad about raising minimum wage? Before other states jump on the $15 minimum-wage bandwagon, they might want to look at whats happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession in both the retail and the leisur e and hospitality sectors, Labor DepartmentRead MoreMcdonald s And The Minimum Wage993 Words   |  4 PagesMCDONALD’S AND THE MINIMUM WAGE Introduction Minimum wage has always been, and will probably always be, a controversial topic. Some believe raising the minimum wage is the solution to poverty, while others believe that raising the minimum wage is a recipe for â€Å"killing† jobs. This age old debate has come to the forefront recently as the â€Å"Fight for $15† by fast-food workers continues to grow. The campaign’s core argument is that the billion-dollar companies in the fast-food industry can afford toRead MoreShould We Increase Minimum Wage?1508 Words   |  6 PagesThe topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 toRead MoreCongress Should Raise The Federal Minimum Wage1042 Words   |  5 PagesMany Americans agree that Congress should raise the federal minimum wage, but do individuals truly know the effects of increasing the minimum wage to $15? Some people only look at the comprehensive view of seeking a higher salary, but the increase can cause many negative, as well as positive, effects. Several economists from across the country have done extensive research over the topic of the minimum wage increase, and many differing opinions have formed. The effects can vary from person to personRead MoreThe Debate Over The Minimum Wage Debate1737 Words   |  7 Pagesduring Carnegie’s time and would mark the very beginning of long and difficult process to achieve worker’s rights that still continue to this day. The minimum wage debate is without a doubt part of these negotiations and has taken the spotlight in recent years. T here are two sides to the minimum wage debate: the employees fighting for higher wages who would like to earn enough to keep food on the table for their family, and the employer who is doing what they can to keep costs low and ensure that

British Literature Essay - 1614 Words

British Literature 1. the Middle Ages the oldest literature monument of the Anglo – Saxon period is the old Germanic legend called BEOWULF. This heroic poem is about the strong and courageous pagan hero Beowulf John Wycliffe – is a professor of Oxford University. With his students he translated the whole Bible into English - he influenced Master Jan Hus and our Hussite movement very much 2. the renaissance and humanism Geoffrey Chaucer – Canterbury Tales – brilliant portrait of 30 pilgrims who travel to Canterbury and they were saying stories each other, each one said four stories, but in tact there are only 23 tales. William Shakespeare – is the biggest author of this period Christopher Marlowe – might became another†¦show more content†¦Among his major novels belong â€Å"Little Dorrit, David Copperfield, The Pickwick Papers, Great Expectgations, Oliver Twist, Christmas Carol† – see enclosed paper 7. The 1. Half of the 20th century William Makepeace Thackeray – he wrote novels against snobbery and hypocrisy. His main novel is â€Å"Vanity Fair† Thomas Hardy – together with D.H.Lewrence represents the naturalistic trend in literature. He understands hard life of common people, hates hypocrisy and brutal egoism of the rich, his work is ironical and pessimistic Oscar Wilde – he was born in Dublin, Ireland. His father was a well – known surgeon and his mother was a successful writer. After a comfortable childhood, he decided to study classical literature in a College in Dublin. In 1874 moved to a College in Oxford. After college he continued writing poems and he moved to London. He publishes here his first book simply called â€Å"Poems†  §- many literature professors criticized him, they said he was not original, because he had used many words from other poets and writers. But in spite of this criticism he became more popular (he got a great reputation for the way he dressed, for his intelligence and conversation skills). In 1884 he married Constance Lloyd and they had two boys. Wilde wrote many stories for his childern including â€Å"The Happy Prince, The Canterville Ghost†. The play Oscar Wilde wrote after 1890 mad e him legend. HeShow MoreRelated Robert Louis Stevensons Impact on British Literature 869 Wor ds   |  4 PagesRobert Louis Stevenson ranks in the upper echelons of writers in British literature. He is one of the most popular writers of the nineteenth century. Stevenson had a great range of skill in producing works in the form of poetry, plays, short stories, essays and novels. A variety of aspects of his very own life and personal experiences were implemented into his literary works. The romance novel is that of which he is best became known for. His works are still studied and observed in today’sRead MoreBritish Literature : Final Exam1301 Words   |  6 PagesBritish Literature II - Final Exam British Literature is filled with diverse and talented writers who through each period has brought something new to the table. Over the course of the term we have covered the Romantic period, the Victorian Age and the Modern period. Each period has had a hand in developing literature through to the modern age and each writer has influenced the next generation. To best examine each period of literature the paper will be split amongst the three major periods the courseRead MoreBritish Literature : Final Exam1300 Words   |  6 PagesBritish Literature II - Final Exam British Literature is filled with diverse and talented writers who through each period has brought something new to the table. Over the course of the term we have covered the Romantic period, the Victorian Age and the Modern period. Each period has had a hand in developing literature through to the modern age and each writer has influenced the next generation. To best examine each period of literature the paper will be split amongst the three major periods theRead More British Identity and Literature Essay1312 Words   |  6 PagesBritish Identity and Literature What does it mean to be British? Britains national identity has evolved and transformed over the years. Through the works of Phyllis Wheatley, Aphra Ben, William Shakespeare, Daniel DeFoe, Coetzee and Caryl Phillips we have explored the different meanings and aspects of British identity. Britishness is not just confined to England (or the United Kingdom in recent times), Britishness extends far beyond the nation. Britishness is not a simple concept and is complicatedRead MoreThe Evolution of the Role of Women in British and American Literature1808 Words   |  8 Pagesfor a boy to look like a girl is degrading, according to you, because secretly you believe that being a girl is degrading† (McEwan 55-56). Throughout the history of literature women have been viewed as inferior to men, but as time has progressed the idealistic views of how women perceive themselves has changed. In earlier literature women took the role of being the â€Å"housewife† or the household careta ker for the family while the men provided for the family. Women were hardly mentioned in the workforceRead MoreEssay on Joseph Conrad: An Innovator in British Literature1765 Words   |  8 PagesJoseph Conrad: An Innovator in British Literature      Ã‚  Ã‚   Joseph Conrad’s innovative literature is influenced by his experiences in traveling to foreign countries around the world. Conrad’s literature consists of the various styles of techniques he uses to display his well-recognized work as British literature. His prose style, varying from eloquently sensuous to bare and astringent, keeps the reader in constant touch with a mature, truth-seeking, creative mind (Hutchinson 1). Conrad’s novelsRead MoreHow Ww1 Changed British Literature1772 Words   |  8 Pagesthe war were thirty-seven million, with another eleven million civilian casualties. The British Empire alone lost over three million people in the war. (English) World War One effected the whole world- the heartache and bloodshed changed politics, economics, and public opinion. This war changed peoples lives, but it also changes their way of thinking and their way of writing. After World War One British literature was changed from simple stories to a more realistic and meaningful approach to life.Read MoreEssay on How WW1 Changed British Literature1776 Words   |  8 Pagesthe war were thirty-seven million, with another eleven million civilian casualties. The British Empire alone lost over three million people in the war. (English) World War One effected the whole world- the heartache and bloodshed changed politics, economics, and public opinion. This war changed peoples lives, but it also changes their way of thinking and their way of writing. After World War One British literature was changed from simple stories to a more realistic and meaningful approach to life. Read MoreDistinguishing Profound Religious Poems : British Literature995 Words   |  4 PagesENGL 2230 F02 5 October 2016r Distinguishing Profound Religious Poems: British Literature Britain is a small island north of Europe and during the early centuries it was part of the Roman Empire. However, the Germanic invaders known as Anglos and Saxons started conquering the southeastern lands of Britain. Consequently, during the early Middle Ages works of British literature were starting to be published. As such literature represents one way to learn about the culture of Britain. For Example, BeowulfRead MoreBritish Literature760 Words   |  4 PagesTractor Poem Analysis The poem â€Å"Tractor† is written by Ted Hughes is literally about a tractor. The season is winter and the man is trying to start the tractor but is unable to do so because of the weather. Eventually, the man is able to start the tractor. However, while reading it further, this poem seems to be telling us that with determination, man can overcome many problems no matter how tough the problem is, using nature as a form of trouble to humans. Moreover, it also tells us that the journey

My Topic Is Regarding the Demand and Supply for Particular Resources

Question: Discuss about topic of regarding the demand and supply for particular resources ? Answer : Introduction My topic is regarding the demand and supply for particular resources in Australia. I chose an article concerning the increase in electricity prices which led to a one percent national decline in the demand. The article was published in the Australian Business Review in 5th January 2017 (Kylar, 2017). I chose this topic and the essay since it was experienced countrywide. It did not happen to a given region. The article says the country at that time depended on two major power generating centers. These were AGL and Origin Energy. Some similar companies in the same industry are planning to close causing a slight decline in supply. Therefore, the prices were raised to meet the new equilibrium. Residential homes had an increase of $94 while small businesses had $297 more money to pay per year. The two dominating power stations also increased their prices by an average of $132 and $ 135 annually. Essence of the Story A large number of residents in Australia use electricity for lighting, heating, running devices and business activities. The decline of demand originated from the rise of prices. The issue happened when some power stations such as the Hazelwood in Victoria are retiring from the market. The remaining firms were forced to increase their supply to meet the deficit created by Hazelwood. That led to a decline in supply making prices to escalate. As a result, demand for electric power reduced countrywide. I chose the article since it may be interesting to the whole country. Individuals in Australia must have complained why the unit prices for the electric power are hiking. The article would be important in giving them answers. Moreover, researchers and investors could also be interested. The fact remains that most residents are switching to other forms of energy such as generators, and solar panels. The investors can now make cheaper power machines to take advantage of the market situation. Economic analysis. Based on microeconomics, demand is influenced by some factors such as changes in prices of commodities, income levels of the consumers, competition, and changes in consumer preferences (Jindal, 2016). The first three influenced demand since the rise of prices made consumers start disliking the service. Their income remained constant, and there was an availability of other sources of energy. They include CSIRO, Eurosolar, which offer and BP Solar affordable solar energies (Cludius, Forrest MacGill, 2014). Therefore, the citizens lost their tastes and preferences for the former power and shifted to the competing sources. That led to a decrease in demand. The issue raised both micro and macroeconomic factors. The first one occurred when some consumers found it unbearable to keep up with the electricity costs. They, therefore, switched to other sources. For the latter, it concerned the whole nation. Withdrawal of some firms in the sector led to a decline in the GDP. The federal government obtains money through taxation to the enterprises and charges imposed the consumers (Bird, 2016). Therefore, the remaining companies were forced to boost their supply to sustain all customers. The government, on the other hand, introduced a fiscal policy where it levied more taxes on the firms and the consumers to maintain its GDP (Ban, 2015). That made the prices to shift upwards. Recommendation This part gives a remedy to the issue. From my point of view, the problem originated from the closure of some of the central power stations. My first suggestion is based on the Victorian government policies. Anderson, (2017) says the Hazelwood was to close on 2005. However, the government privatized it for it realized its importance to the Victorian people. It was scheduled to close at 2030. The plant is now considering shutting down due to carbon taxes imposed by the federal government. Also, it will take three more years to demolish the premises. I would recommend the Victorian government to improvise ways of doing away with carbon disposal since it is the one causing the whole problem. Upon doing so, its tax rates for the same will also decline. The facility is a public good and provides much energy assistance to the residents. Besides, people the staff and contractors will lose their jobs, costs will go up due to reduced supply, the land will be degraded plus the same government will heavily spend on demolishing than paying the taxes (Enos, 2016). It can then postpone its closure up to the expected 2030. The other possible solution is letting private investors run the firm. It is changed from government-owned to privately-owned. Mbeche Dorward, (2014) say most government businesses are poorly managed and full of frauds. But when left under the control of an investor, the new management will run the company in the best manner. They will be focusing on profit maximization, and the company will last for long. Conclusion Based on the above analysis of the article, it is clear that prices in Australia regarding electricity shall go up. However, after studying the issue, it is realized only one power station, Hazelwood. The firm is government owned and is closing due to tax impositions. The report explains measures to keep the company in operation up to 2030. I base my conclusion to Hazelwood. Should it close, then people will face a crisis in paying high bills and taxes which the Victorian government will use to demolish the plant. If it adopts my recommendations, the plant shall operate till 2030. By that time a power solution will be available to replace Hazelwood if it will close. References Anderson, S. (2017). Hazelwood power station closure. Retrieved from www.abc.net.au: https://www.abc.net.au/news/2017-03-30/hazelwood-power-plant-shutdown-explained/8379756 Ban, C. (2015). Austerity versus stimulus? Understanding fiscal policy change at the International Monetary Fund since the great recession. Governance, 28(2), 167-183. Bird, R. M. (2016). Reforming International Taxation: Is the Process the Real Product? Hacienda Pblica Espaola, (217), 159. Cludius, J., Forrest, S., MacGill, I. (2014). Distributional effects of the Australian Renewable Energy Target (RET) through wholesale and retail electricity price impacts. Energy Policy, 71, 40-51. Enos, R. D. (2016). What the demolition of public housing teaches us about the impact of racial Threat on political behavior. American Journal of Political Science, 60(1), 123-142. Jindal, S. (2016). Factors Affecting Demand for Money: An Empirical Study Based on Time Series Analysis. Kylar, L. (2017). Electricity demand falls a little as supply plunges. Retrieved 4 25, 2017, from The Australian Business Review: https://www.theaustralian.com.au/business/mining-energy/electricity-demand-falls-a-little-as-supply-plunges/news-story/24ae8c69953dcae67ad2b2484052d43f Mbeche, R. M., Dorward, P. (2014). Privatisation, empowerment and accountability: What are the policy implications for establishing effective farmer organisations? Land Use Policy, 36, 285-295.