Many people are having a difficult time managing their lives with the little amount of money they make. In New York City, City Council Members proposed a living wage of $10 with benefits, and $11.50 without benefits, which is higher than the federal required minimum wage. The mayor did not agree with the proposal. He compared requiring employers to pay living wage to the Soviet Union.
I think that Christine Quinn should stand up for the people who need her help, rather than worrying about her own political ambitions. The hard-working, lower-class people living in the Bronx are in need of her help. The Mayor of New York should be empathetic to his constituency because it is his responsibility to make sure that everyone, especially those who work hard are able to survive off their income.
http://www.nytimes.com/2011/10/11/nyregion/caught-in-the-middle-of-a-fight-over-a-living-wage.html?ref=minimumwage
Thursday, October 20, 2011
Wednesday, October 12, 2011
Growing Businesses Cut Payrolls, Too
The recession of 2008-2009 has caused people and businesses to invest less and spend less. Although the recession is over, the United States has not fully recovered. The lack of consumer spending has caused business owners to have to cut salaries, lay people off, and stop hiring more employees.
Despite the downfall of the economy, consumer spending on mobile connections has increased by 15 percent. From 2005 to 2007, employment grew from six percent in the wireless telecommunication industry. By 2010, employment fell 14 percent. Similar statistics to the telecommunication industry are seen in other industries and businesses as well. Most businesses drastically cut employees after the recession, even if they were financially stable. Mulligan believes that the reason for the employment decline is because people face financial incentives. These incentives encourage employees not to work and it encourages employers to not hire employees. This is the reason for the lack of jobs available in the US.
http://economix.blogs.nytimes.com/2011/10/12/growing-businesses-cut-payrolls-too/?ref=economy
Despite the downfall of the economy, consumer spending on mobile connections has increased by 15 percent. From 2005 to 2007, employment grew from six percent in the wireless telecommunication industry. By 2010, employment fell 14 percent. Similar statistics to the telecommunication industry are seen in other industries and businesses as well. Most businesses drastically cut employees after the recession, even if they were financially stable. Mulligan believes that the reason for the employment decline is because people face financial incentives. These incentives encourage employees not to work and it encourages employers to not hire employees. This is the reason for the lack of jobs available in the US.
http://economix.blogs.nytimes.com/2011/10/12/growing-businesses-cut-payrolls-too/?ref=economy
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