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    between labor unions and management, especially when it comes to wage issues (Mayhew, n.d.). This author will take a look the wages and wage-related issues, employee benefits, institutional issues, administrative clauses, and make recommendation that will would prevent wage-related grievances from happening. Wages and Wage-Related Issues Wages and benefits are the key motivation that people go to their jobs every day; besides their hourly wage or annual salary, majority of employees have access to employer-sponsored

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    Minimum Wage And The Wage

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    Introduction Minimum wage was established state wide in 1938 by Franklin Delano Roosevelt; at that time it was only 25 cents which is equivalent to 4 dollars in today’s world. It was established as part of the Fair Labor Standards Act which covered youth, government and overtime pay. Massachusetts was actually the first state before Franklin’s statewide acknowledgement, and it only covered woman and children without overtime. There are lot of issues with minimum wage now such as setting a statewide

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    Wage gap

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    The possible explanations for the relative wage gap between women and men are linked to the supply and demand side theories of the labor market. The supply side explanations also known as the human capital theory states that productivity is measured by individuals’ characteristics such as education level, job experiences and other factors that could affect earnings (Becker 1967; Polachek 1995). Hence the crux of the gender wage gap is the level of productivity by each gender. This boils down to the

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    wage

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    The controversy around wages in America has always been debated by many Americans whether it be politicians or the working class. It is safe to say that we as working individuals believe that we do not get paid enough for the energy that we unload at our particular job. Also, you can assume that nearly all working class Americans would love to see an increase in their salary as well, who wouldn’t. The federal minimum wage as of today is currently set at $7.25 an hour. (Cq) Six years ago, in

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    The Development of Wages

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    Nations. Wealth of Nations, printed in 1776 was the first in depth look into the distribution of wealth and the development of wages .After the likes of Smith and other classical economists such as John Ricardo, Robert Malthus, and Karl Marx, neoclassical approaches to wage theory began to develop . In 1932 J.R. Hicks published The Theory of Wages, which introduced the idea that wages were controlled by supply and demand . While Hick’s theory has become the standard of economics, there have been other ideas

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    Min Wage

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    Should Minimum wage be increased? Introduction For many decades now, there has been heated debates concerning minimum wages and increases in those wages. Most people have a tendency to assume that when the minimum wage is increased people will benefit. They do not stop to think of the consequences that come from minimum wage increases. The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences, nor do they stop to consider

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    THE MINIMUM WAGE THE MEANING OF MINIMUM WAGE The minimum wage is the minimum payment to every worker is entitled, with which it has to meet their basic needs for both you and your family, which has been set at 8.38 for 2015 in the state of New Jersey. Although the objective of the minimum wage is to ensure coverage of basic needs for food, health, education, shelter, clothing and recreation worker, undoubtedly this will not meet its objectives, since the value of the minimum wage is not possible

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    War on Wages

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    dilemma of service employees earning minimum wage in the United States, “Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line…that’s wrong” (qtd in State of the Union Address 2013). The debate over whether or not the minimum wage should be raised has carried on for years between Democrats and Republicans. While many Republican politicians feel that an increase in minimum wage would be devastating to the economy in terms

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    Wage Inequality Essay

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    Card, Lemieux and Riddell argue in their 2002 paper “Unions and Wage Structure” that: They estimate that in 1981, the presence of unions reduced the variance of male wages by 6 percent in the US and 10 per cent in Canada. The corresponding estimates in 1988 are 3 per cent in the US and 13 per cent in Canada. Thus, they estimate that changing unionization patterns contributed to the rise in US wage inequality in the 1980s, but worked in the opposite direction in Canada (20). This conclusion was brought

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    Wage is monetary value paid to a worker by the employer for the work done in a specific period. Some employers pay at a fixed amount for a specific time done, while others pay per hours done, respective to work done. Wages can be associated as an expenses one incur for running the business. Different level of skilled labour in an organisation enjoys different wage, example a high -educated personnel maybe paid more than less educated, level of experiences also matters a lot, for example who has ten

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