This quotation reflects Warren’s cartoon by representing the symbols of the spike and the man being pierced; recalling that the spike in this picture is portrayed as the harm that will be caused to employees due to the hike in minimum wage, and the man representing minimum wage jobs. Russell explains how employment reduced once the wage was raised because restaurants were unable to pay all existing employees the new wage, so to be able to keep up with the wages, restaurants were forced to lay off employees to pay fewer amounts of workers. However, Russell continues to explain how the wage rose once again in July of 2016
Dunkelberg states that raising the minimum wage could possibly destroy small businesses. If small businesses were to raise their minimum wage above ten dollars they will either have to fire some employees to make up the difference of the raise or they will have to raise the price of the product they are trying to sell. Just because the government were to increase the minimum wage does not mean you will get more work or better work out of the that individual so that business may need all of their employees. Because maybe they cannot afford to lose one so in return they would have to raise their prices, but the issue with that is maybe raising the price higher might just be enough to chase away customers to chain stores such as: Target, Walmart, or Kohl 's. That may mean their small business might close, just because they cannot financially support raising the minimum wage.
On average, businesses in the United States pay around $3.7 trillion on their payroll each year. Experts estimate that businesses lose around $148 billion because of inefficient time card punching processes. How do business owners lose so much money to time card punching? Losses can be simplified to buddy punching and schedule exceptions, which are going to happen in almost every business. Buddy punching means that fellow coworkers will clock in for each other, and schedule exceptions happen as a result of employees clocking into work early or leaving work late.
Kennedy says in his news conference," If this rise in the cost of steel is imitated by the rest of the industry, instead of rescinded, it would increase the cost of homes, autos, appliances, and most other items for every American family. It would increase the cost of machinery and tools to every American businessman and farmer. It would seriously handicap our efforts to prevent an inflationary spiral from eating up the pensions of our older citizens, and our new gains in purchasing power"(line 23-31) This shows that when the decline of the companies it will seriously handicap the American people due to the large increase in prices. This is also shown in, "And it would surely handicap our efforts to induce other industries and unions adopt responsible price and wage policies"(line 43-45) This shows that it would seriously hurt Americans. Kennedy says more about how the prices are going to have a devastating increase in price, which is going to lead to competition in foreign markets as people are not going to buy our products if they are more expensive than other countries, this is shown in "how more efficiency and better prices could be obtained, reducing prices in this industry in recognition of lower costs, their unusually good labor contract, their foreign competition and their increase in production and profits
Income Inequality is a big issue in the United States that every year the rich, middle, and poor classes stray further and further as the gap gets wider. Some reasons for income inequality could be education, wealth, discrimination, ability, or just companies wishing to dominate a market making CEO 's the big bucks off the backs of the workers. You often hear online, news, and just through talking to people how the middle class is disappearing and how it will be a rich and poor society. Whether that is true or not is left to be debated. Can it actually, happen
The farmers that were participating in the alliance were being directly affected by the rise in rates and prices. Profits for the farmers were getting smaller and smaller due to the increase in prices for the goods to be sold. These farmers believed in many different things- they believed in rules and regulations for the road (which included the fact that the government should control the railroad), lower tariffs, and that money should be based off of silver standard. For the industrial workers, their working conditions were not ideal. Each worker did not get paid nearly enough to support them and their families, even though they worked ten plus hour days, six days a week.
In 1962, many remembered the great depression that struck 30 years earlier and the economy was just recovering from another recession, so when the steel prices for the major steel company rose by 3.5 percent, major fear spread in concern of another recession. The rise in steel companies was also not great for the government because it would raise the cost of defense by one billion dollars. President John F. Kennedy held a news conference to rally the people to incite support for his efforts to reverse the price change by challenging the steel company 's decision, by describing the government 's attempt to fix the problem, and by setting the steel companies apart from the common interest. Throughout the speech Kennedy rallies the people by inciting a feeling of justice because the steel company actions went against the public interest. One of the most effective times he does this is when he states that "the American people will find it hard, as I do, tiny handful of steel executives whose pursuit of private power and profit exceeds their sense of public responsibility can show such utter contempt for the interest of 185 million American".
Additionally, in Document O, Andrew Carnegie reduces the worker's pay wage by 20% in order to donate more money for his own selfish needs. With workers already receiving low wages per day, Carnegie decides to decrease the wage even more to between $1.12 and $1.80 per day and rarely $4/$8 per day. Finally, Andrew Carnegie was selfish. In Document I, it shows that while iron & steel workers work longer than machine shop workers, machine shop workers received more than iron & steel workers. Andrew Carnegie’s daily wage was about $92,000, meaning he could’ve paid his workers more but refuse to.
The Pullman Strike in 1894 was also a secret union and again, it’s illegal but they risked it for better working conditions, an eight-hour working day, and thirty percent back to their wages. This strike was formed because the government cut the wages by thirty percent which affected three thousand citizens (lecture, February 12). These people struggled for social justice and equality and these organizations improved society and the Gilded Age which is soon to be the Progressive
NAFTA also lowered consumer costs, so for those who could afford these necessities could save big, giving more cash, back to the average Mexican consumer, this allowed Mexico to graduate more engineers than Germany each year. Not only were Mexican farmers jobs destroyed, the EPI economist Robert Scott estimates some “682,900 U.S. jobs have been lost or displaced as a result of the trade agreement.” Job loss wasn’t the only important aspect of Mexico that was affected, NAFTA introduced large scale transportation of goods between countries, requiring the mass use of fossil fuels, as well as pesticides in crops with unsafe GMOs. NAFTA also contributed to environmentally