The third option is to open the restaurant with his aunt. Each option has positive and negative aspects, but when Sanjay compares them only the financial benefits are relevant. If Sanjay takes the job offered by the management consulting firm he would earn a salary of $80,000 a year. If he decides to open the restaurant, he would face a different scenario. To figure out Sanjay’s salary he would have to take into account three variables: number of meals sold, revenue per meal, and labor cost.
Although tips can often lead to servers making well over regular minimum wage per hour, overall, tips are very inconsistent and are completely dependent on restaurant customers. Not only does the customer decide how much to tip based on his/her enjoyment of the dining experience, but also servers need busy restaurants in order to make good money. There is an ebb and flow to the restaurant busin... ... middle of paper ... ...y-income-fine-dining-servers-20195.html>. Myotte, Maria. “Op-Ed: Restaurant Servers Can’t Live on $2.13 an Hour.” Yahoo!
It’s been shown that people who are assumed to be worst tippers will be given worse treatment than others. Food and drink writer Elizabeth Gunnison Dunn stated “Bad news for black, Hispanic and Christian diners: under a voluntary tipping system, you can expect to receive worse service than the table full of white atheists next to you. Surveys have found that waiters actually perceive these groups as bad tippers and, as such, ignore them in favor of more lucrative tables,” (Dunn). Although there is nothing that can be done about the factor of racism in this act, waiters who are unconsciously discriminating due to the pressure of gaining tips can give everyone great service if they do not have to worry about it. It also promotes a healthy growth in enthusiasm for the job because the stress of whether or not the tips will pays the bills be
Many people with minimum wage jobs are usually on food stamps which helps them with some of the stress of getting paid minimum wage. But just the fact of getting paid 7.25 makes it hard for them to have a good life where they can buy new clothes and still have money left. Minimum wage was actually for the under age kids but the company’s toke advantage of it and started to give everybody minimum wage. Many states have minimum wage but Michigan is one of the lowest, and the highest paying minimum wage state is California with the minimum wage of $10.55. McDonald’s is the number one paying minimum wage Company in America.
The federal government believes that increasing the minimum wage will assist numerous people in the United States as most individuals are working in a minimum wage job to support their families. About “75.3 million people ages sixteen and over worked for hourly wages in 2008, according to the U.S. Department of Labor’s Bureau of Labor Statistics” (“Minimum Wage”). Meaning almost a quarter of the workforce of this nation are working a minimum wage job. Numerous people believe that these workers are not able to make their ends meet, and increasing the minimum wage will help these individuals substantially. Even though people believe that increasing the minimum wage will benefit the society, they tend to overlook the drawbacks of increasing the minimum wage, and how it will prove to be detrimental for the society.
Since its inception, the minimum wage has been a hotbed for debate. If today’s leaders could manage to increase minimum wage, millions of families would benefit. A person working at minimum wage will only make about $10,700 a year. When rent, groceries, bills and gas are all added up, it appears to be a nearly impossible task to keep a family afloat. But working 40 hours a week at $5.15 an hour, one makes less than $206 a week after taxes.
However, a full-time working woman earns only seventy-seven cents for every dollar a man makes. These days women make up half the workplace in our society; they work just as hard and for the same reasons. Women deserve to be paid at an equal rate as men because they are relied on to uphold the same responsibilities and are just as qualified to perform at a man’s level. Women and their Families Rely on Women’s Salary Many people do not realize how important the salary of a woman is, or how much one family may depend on it. Many may think that all men are head of all households.
When creating a salaried position the employee must have a set wage that cannot be adjusted based on hours worked, whether it be higher or lower than the generalized 40 hour work week. Any salaried employee must also be given a number of annual sick days, bereavement pay and holiday pay etc." .FLSA.com, Coverage under the FLSA, http://www.flsa.com/coverage.htmlThe only adjustment that may be made to the base pay must be considered permissible. An example of a permissible adjustment to the base pay would be an employee using more than their allotted sick time. It is clear that this law was created to protect workers
In 1998, the minimum-wage was “$2,500 below the poverty line for a three-person family” if a worker works 40 hours a week without vacations (Rothman). The minimum wage should be $6.24 to maintain the same average purchasing power in 1998 as “it averaged in the 1970s” (Rothman). Up until 2005, in California, nearly 16 percent of Californian low-paid workers live below the poverty line according to a study of State Industrial Welfare Commission of California (Garcoa). These figures and examples denied the argument that this federal legislation helped low-wage workers’ lives. Two main reasons cause the big gap between minimum-workers’ real income and basic living requirements, the persistent increasing of the rental price and health premiums.
If there is only one main source of income in the home and that person is only making minimum wage do you think it’s hard on that one person? I believe it is because just think about it, after all that hard work to get that one check you only made enough to pay all your bills. That money you just worked two weeks for is gone in the snap of an eye due to you making too little. "The fact is, almost two-thirds of minimum wage workers are adults, and four in ten are the sole bread winner of their family” (The Case for Raising the Minimum Wage). Most households rely on people that are making minimum wage and half the time those checks aren 't even enough.