Strengths As a new business, Rad Coffee already has been receiving a generous amount of feedback from customers. They have their very own unique theme and style. In addition to that, they serve specialty coffee and their own creation of a variety interesting blended drinks and sweet treats. They strive to make each visit a memorable experience for their customers. They are also vegan friendly, which could be a great factor to make Rad Coffee stronger than many other coffee shops.
By the government raising minimum wage, this will force owners to compensate with their employees. This could result in letting employees go, giving employees very limited hours or cutting down the owners pay. Whichever way it goes, this is a downfall to the economy because people will end up losing their jobs, businesses will lose money which would decrease total profit and it could result in the closing of businesses and
Laissez-faire prevented the business owners from having to present workers with safe working conditions, this also led to spending less money which meant making more. Morals, Forget them, child labor was another cost cutter and allowed the business owners to make even more money! Workers for good reason were against laissez-faire, it meant they got paid less, long hard hours, children worked, unsafe working conditions and worse. Business owners capitalized completely on laissez-faire and no government
It is also important to remember responsibilities belong to a role and not to a person. In larger companies, centralized structure allows for more definitive decision-making. With a centralized structure, it is fairly simple for a company to change with growth. Employee motivation, morale, and organizational culture Best Buy’s approach to employee satisfaction
So understanding that management might take our firm stance on increasing worker control and improving pension benefits as a sign that the Grandville plant will be less responsive than ever to business needs, we will also propose that management introduce profit-sharing. By tying the businesses profit directly to the income of the workers, management can rest a bit easier knowing that our workers won’t be purposefully crippling the business by refusing technology that might improve plant efficiency and business profitability, because that would very well hurt the workers,
In some ways, paying workers more can help cut labor costs because it convinces employees to stay and feel better about their work. However, this came at a large cost to Ford because it truly prevented workers from unionizing and working in the environment they
It would also be harder for immigrants and people with less advantage to find jobs. Companies only hire workers if they are beneficial, and hiring many workers when the minimum wage is high would not be beneficial. This would make it harder for minority groups and immigrants to find jobs in the US, or get used to being a US citizen. Immigrants can also live a better life if they manage to get some working experience, resulting in a better job, but they would not have this opportunity anymore. In addition to that, raising the minimum wage would not do anything to combat poverty.
A human rights issue that is in my novel is immigration. And this issue relates to real life issues because this still affects people lives today who want to leave their home for a chance to a better life. Many people dislike immigrants because they take their jobs and are willing to get paid less. This affects people within the U.S and other countries because people want to go places where there are better opportunities, but their choice could ruin a country economy because they can 't support them. Those people don 't have rights like we do because they are not here legally and if they tried to come legally it would take too long and they would have done it already if they had the finances.
They would also lose 401(k) benefits, but as a result, their income would nearly double, and they would all keep their jobs. On the downside, if salaried employees take the decision personally, kennel workers could experience backlash, creating a very unhealthy work environment. A third group which Rich must address, albeit indirectly, is the clients they serve, and the business’ reputation for excellent customer service. Rich’s decision could easily lower morale and work ethic, or even cause employees to look elsewhere for employment. This will inevitably affect their standard of client care.
Per Hunter, “Tim Hortons started becoming a cultural touchstone in Canada”. In his book, he also wrote about the competitor coffee chains like Starbucks, Fast food chains like McDonald’s and Subway. Tim Hortons has faced mounting challenges from competitors but, for the most part, Tim has kept his market dominance in Canada by doing things effectively and efficiently. Hunter wrote, “They have executed very well on big obvious things like quality, the speed of service, value pricing and ubiquity”. (Rise Of Tim Hortons, June 29,2017) It is obvious that Tim Hortons will continue to operate as an independent entity by maintaining its product and service standards.
Their ideas together can help maintain a stable economy at its equilibrium, but following them separated may lead to instability in the aggregate economy. Analyzing subjects such as inequality, minimum wage, and the pros and cons of wealth/income redistribution have broadened my understanding of the effects they can have on the economy as a whole. Learning about the way the macro economy functions can show one the many different ways of handling the economy there truly are and which policies/views can work best for the better of the overall
Some think that we should raise the minimum wage, but others think that we should keep it just how it is. If I had to choose one side I would choose the side that says we should keep it as it is. I would keep the minimum wage just how it is because it would make it harder for people to create businesses if we raise it. Also, for job seekers it would be difficult to find a job that is available. Also because the economy is slacking businesses can’t raise prices for items they sell.
Understanding that both articles had great reasoning I believe that a raise in the minimum wage can have a negative impact in our economy and that it should be something that shouldn’t be completely abolished but carefully monitored. Like stated in Minimum Wage Laws Are Immoral and Harmful, not all employees will give their full effort in the workplace because they won’t need to worry about getting a raise. The act of raising minimum wage doesn’t only affect the employers but as well as the consumers, by causing a rise in the company’s merchandise. I understand that some jobs don’t pay their employees enough, but what are the qualifications that the employees have, do they have enough experience, or a degree and have they simply demonstrated their ability’s. Keep in mind that many people just ask but don’t give to