First of all, if one looks at it logically, increasing minimum wage increases the amount that an employer pays his employee. This makes it more expensive for businesses to hire those who work for minimum wage. The majority of people who work for this pay are teenagers, or secondary earners. Thus, if America were to increase the minimum wage, the secondary earners would lose their jobs and the unemployment rates would sky rocket. While some economists say that the impact will be hardly noticeable and easily managed, many people will lose their jobs and have a more difficult time trying to find someone willing to hire them.
And a store like mcdonalds lets say they have 11 employes on duty the company its self is only paying 80 dollars and hour. Yeah they have to pay to keep the store stocked and running but them making 1.3 million dollars an hour and only paying their emplyes as little as they do is terible. The ones who actualy put the work in too making that money for the company only gets 7.25 dollars an hour is rediculius and the company should feel ashamed and feel miserable for how they treat their employes. Companies these days don’t understand that people need to support theirself and their families and that’s impossible to do, working for min wage as low as it is. Although raising minimum wage has a lot of pros it also has lots of
Because of the lack of employment in the United States, it makes it ten times harder for the homeless to get jobs. Because there are people applying for the same positions that a homeless person may be looking into, hiring managers will most likely hire the person they see that is more qualifying for the job based upon experience. According to Peter Katel from CQ Researcher, the economy is finally starting to get back to stability, “The economy has finally started to grow again, but more than 8 million jobs that disappeared after the economic crisis began in late 2007 haven 't returned, and the unemployment
Furthermore, globalization also increases income inequality by favouring wealthy corporations as they have the resources to expand their businesses creating more profits. For instance, if a company moves production of a particular product to an economically disfavoured country, people in industrialised countries tend to lose their jobs, simultaneously creating job opportunities for the people in the developing country. Numerous individuals in this nation work for a menial pay contrasted with those in industrialized nations, henceforth, they frequently stay poor furthermore don't have adequate protection, for example, social and health insurance. While wealthy companies flourish, small businesses do not have the capital to grow globally and cannot compete in the market leading to a big gap in small business profits and big business profits. Also leading to a crowding after effect on small businesses and more income for the already wealthy corporations which exacerbates inequality between the poor and the rich.
It has greatly affected Native Hawaiians more than others. In a 2016 report from HOPE Services Hawaii, an organization dedicated to help decrease homelessness in Hawaii, 33% of Hawaii’s homeless are of Native Hawaiian ethnicity. Prices in food, activities, and homes have increased to meet the growing tourism. Due to this, many Native Hawaiians are evicted from their homes, because they are not able to pay for their housing. Most Native Hawaiians no longer buy homes due to the growing of cost for housing having to keep up with the tourism; “only 2% of homebuyers… majority are wealthy out-of-state speculators”(Matsuoka & Kelly).
People can’t get the education they need because colleges are too expensive. Statistics have also proven that alcohol and drug addiction affect about 20% of the homeless. Poverty is like a disease that is killing this country. What is the government doing to help save this country? For one thing, we need to make more jobs available for people who get the best education.
As a result of this hindrance, court-appointed lawyers for these defendants are not compensated adequately, which results in a lack of competent lawyers due to low enticement. Additionally, poverty-stricken citizens are at a major disadvantage due to the presence of payoffs and bribes throughout their trial. These citizens on trial have spent most of their lives in unfortunate situations, going days on end without food, water, or shelter; all basic needs for survival. Because of this arduous upbringing, it’s likely that justice will not take a high priority because of the money involved. The gap between the wealthy and the impoverished will continue to grow, increasing the amount of people who will be at a disadvantage in our justice system due to their lack of wealth.
The problem is, the government doesn’t support school in rural areas to be a good one, because they don’t have such money to get chance and take good education. “The poor are getting poorer, while the rich are getting richer”. Thammasat University has said about poverty in Thailand because of salary with unbalance working. They explain about income of farmer who working hard and investor, the result is it has more difference. Farmer much working harder to get same income that they got before.
High Maintenance costs: It is expensive to buy technology, but it is also costly to maintain it. Many small businesses can not afford the cost of hiring a full-time technical person, so they resort to monthly tech contractors who charge them for work done. If business technology tools like computers are not well maintained, their performance will decrease and the process of buying new computers or any other business technology can even be more
Companies will be more profitable because their products are more reliable, then they will have less defected products. In return, less time and money are spent fixing those mistakes. When the value a customer receives from a product is greater than that of another then they are more inclined to stick with that