In this way relatively poor people in society are helped to increase their welfare and to limit inequality. On the other hand, there is the possibility to decrease inequality by limiting some of the welfare of the relatively rich people in society. This can be done by raising taxes on luxury goods while keeping the tax on other goods the same. However, a sales tax on
People would have a higher work morale because they would be able to make a lot more money than before so they would be more happy to work longer hours. A pro of raising minimum wage could be that their would be reduced government welfare spending meaning more money for important things like our army. We would be able to build more schools and get everyone an education with all the extra money. With reduced government spending we would be able to put more money into food stamps so that less rich people would be able to supply more food to the house.Government welfare supplies things such as medicaid meaning
As opposed to the minimum wage, we believe that a free market wage will be more beneficial for South Africans. The free market wage is calculated as the standard rate paid for skilled labor , which requires education, training as well as a certain amount of experience in a basic area of work. From an employment point of view free market wages , unlike the implementation of a minimum wage , does not raise cost for businesses nor does it run the risk of increasing an already high unemployment rate in South Africa. The free market wage would encourage people to better themselves through higher education as they will not be willing to settle for just anything and this would then benefit both households and businesses as there will be an increase in the number of skilled workers available and willing to work and increase productivity for businesses thus making it possible for expansion and in turn creating more jobs along with improving the country’s economy. An increased number of skilled workers would mean a better chance of them finding jobs and also a greater chance of them not depending on social welfare as much, giving government the opportunity of using these extra funds for the improvement of the country’s infrastructure, it could be used to develop the skills of the youth entering into the workforce for the first time and it could also lessen the burden on
college tuition should be paid for because, if the United States had more and more students going to college instead of going straight to jobs the economy would improve greatly. A vast majority of those who graduate from college would be getting higher paying jobs than if they hadn 't gone at all, which in the long run gives them more money to spend and therefore increases tax revenues. The increased tax revenues would enable the government to provide services to the constituents. Having more money go into the economy will help money go towards funding college however they would choose to deal with splitting the costs. This would also help small businesses because if they have more revenue coming in that can be used to grow their small business bigger.
That or those who struggle financially. John Hopkins University claims, “Paying students for grades seemed to improve attendance amongst both low achieving and lower to middle class students.” Even if it does show improvement, Brooks and Goldstein go on to say, “Our education system has determined that students who struggle need a greater degree of external motivation to stay engaged in academic tasks.” This means that using money is a successful motivational source, but it doesn’t work by itself. Students need more than just cash to push them to do their best. There are other more potent motives than just money. Every student is different, so each one has their own personal motive.
These lead to reduce the amount of money spent by the business owners in recruiting and training new workers. 3) Raising wages can reduce absenteeism: The absence rate would decrease when the workers are paid higher wages, which meaning more productivity. On the other hand, opponents believe that raising the minimum wage would increase unemployment, harm the less skilled labor and increase the prices. Opponent’s opinion is that minimum wage forces the employers to hire fewer employees because they have to pay more to their workers and the cost will increase. Other opponents say that it can increase the prices as businesses must raise their prices to adjust the higher wage and keep the profit stable.
It prepares both intellectually and socially, for careers and adult life. First, studies show that college graduates earn significantly more money throughout their lifetime than those with only a high school education (Benefits of Earning a College Degree). Many people know that they want to attend college, but don't know exactly why, or how it will enrich their lives. Getting a college degree can get people, many benefits of earning a college degree. Second, in addition to the financial resources, have access to through higher income, also have resources in all kinds of unexpected and intangible ways (Lynn).
Advocates of supply-side economics prefer tax cuts. They say it frees up businesses to hire more workers to pursue business ventures. For more, see Do Tax Cuts Create Jobs? Advocates of demand-side economics say additional spending is more effective than tax cuts. Examples include public works projects, unemployment benefits and food stamps.
For because these are public schools they are paid by taxpayers taxes, so the only way to increase the ratio would be increasing taxes. But this will be talked about later on in the paper, in the cost section of thing. Now let's get back to the positive that the counselors bring to the academic success of students. The smaller student to counselor ratios show fantastic results, the only problem is that these lower ratios can really be shown only in lower finical success areas. As in the areas that are more
After that when the loan is repaid the process is reversed. The student now has less money so they spend less and the lender now spends more (Dorfman). Jeffrey Dorfman then goes on to say that when students are taking out loans the nation’s labor productivity is increasing and the potential GDP. Referring to my previous argument student debt is only hurting the economy. Overall some believe that a more educated population means a wealthier population, however, the more money people spend, the less likely they will make financial purchases that help stimulate the