Premium Essay

Disparity of Wages on the Labor Market Part 2

In: Business and Management

Submitted By bonniegotyou
Words 410
Pages 2
Running Head: Team Assignment 1

Team Assignment
Disparity of Wages on the Labor Market part 2
University of Phoenix

Team Assignment 2
What are the research questions? 1. Do minorities get penalized when it comes to hiring and wages? 2. What is the average annual wages for each job type in the local region? 3. What qualities affect the wages earned annually by employees?
These questions will help to lead the direction of our paper, as well as to help ensure that our group can keep the focus of the paper to stay where we want it to be.

Identify one dependent variable among the variables in the Data Set for the organization assigned to your team. This variable must be the most suitable one among the variables whose values change with the changes in the values of other variables in the Data Set.
For this project, it has become clear that the dependant variable in our data set is wages. Independent variables that are a driving force, in this case, are going to be race, experience, and gender. These things can have an effect on wages that are to be set but being a Union member does not seem to have an impact on that. We also noticed that education did not seem to have an impact on the wages set for employees. What ethical considerations must you take into account?
We need to stop and think about the important ethical issues at hand. A focus should be put on how to fairly set a wage for employees. It is not ethical to give a person more money based on anything but their professional merits. In fact, The Equal Pay Act of 1963 was put in action in an effort to stop and prevent future discrimination…...

Similar Documents

Premium Essay

Club It Part 2

...Club IT Part 2 Jimmy Davis January 20, 2012 XBIS/219 Michael Peterson When it comes to Club IT the company is constantly growing and is becoming the spot in the town for everybody to be at, especially if you want to have fun and enjoy yourself everyone is having a good time and enjoying themself. The owners and executive Ruben and Lisa are very excited for how their business has grown but even though they is excited of their business they are ready to make a few changes with their business and information systems. After Ruben and Lisa have stayed at the club a few times and have been watching how their business is being operated as they get ready to shut down, they had come up with a few problems. The owners came to assumptions about their company that in order to keep it up that the computer hardware and internet service really needs to be upgraded. Even if they do one at a time it is only right if they bring the tools up to date so they can be able to keep the business a success. I also think that if they keep a more efficient system of how to track customer orders and handle their inventory as needed since the clubs has a big popularity and is constantly growing by the weeks just imagine if they upgrade everything the money they spent on the item to upgrade will pay for itself. Another issue is that Ruben ad Lisa are not taken advantage of participating in e-commerce promote the club online do whatever it takes to...

Words: 719 - Pages: 3

Premium Essay

Labor Market Report: Canada

...LABOR MARKET RESEARCH REPORT Instructor | Nattalie Tessier | Course Title | MBA 579 – Internship Preparation | Student Name | Oluwagbemileke B. Oduroye | 568649909 | Section Number | S13 N71 | Due Date | 22th July, 2013 | I have read the Student Academic Code of Conduct and this Assignment complies with the Code MBA Program Faculty of Management Introduction Creative production, quantitative analysis, coaching and mentoring, managing people and teams, and application of technology are 5 core elements of work in business and other organizations that interest me; although, creative production and quantitative analysis are significantly stronger interests for me. I enjoy bringing something entirely original into existence, this might be inform of a product, marketing plan, unique service delivery and especially entrepreneurial work. An opportunity to be creative in any aspect of my work as a manger, executive or an individual contributor in a team is very important part of my work satisfaction. Although highly creative work can be found is almost any industry, and a major part of entrepreneurial work. Still, I prefer to work in an industry in which creativity is an integral part of the definition of the core product or service e.g. advertising and entertainment although entrepreneurship is the best match for me to express this interest. I also enjoy using mathematical analysis to solve problems. Although, this might seem divergent to the above stated......

Words: 3106 - Pages: 13

Premium Essay

Labor Markets

...* Key sets of labor market information include the monthly employment and unemployment numbers. The Current Population Survey (CPS) produces employment and unemployment statistics for the United States. All adult respondents are classified as employed, unemployed or not in the labor market. The numbers are typically calculated as simple percentages using the following formulae:  * * 1) Number in the Labor Force = Number Employed + Number Unemployed  * 2) Employment Rate = Number Employed/Number in Labor Force  * 3) Unemployment Rate=Number Unemployed/Number in Labor Force  Discuss how this information is useful to a business and give specific examples from each to demonstrate that you can locate and use it for a specific location. When unemployment is low consumers spend more money on expensive items and they give the economy a boost. When people are working, they are spending money. When unemployment is high it affects household finances. Consumers will spend less and are trying to make ends meet. When people are working, they are spending money. Businesses can use this info to forecast sales, determine how much inventory to buy, decide whether or not to lower their prices, or introduce lower cost alternatives. As an example, if unemployment is rising they should expect sales to be low until things begin to bounce back. United states Dept of Labor, Bureau of Labor Statistics Unemployment Rates for States Monthly Rankings Seasonally......

Words: 308 - Pages: 2

Premium Essay

Impact of Globalisation on Labor Market and Industrialisation

...Table of Contents: Pg #: Title Page 2 DECLARATION FORM 3 INTRODUCTION: 5 BACKGROUND: 6 Overview: 6 2.0 COMPARATIVE ANALYSIS – LITERATURE REVIEW 8 Public vs Private Sectors 8 Differentiate between formal & informal Sectors: 8 Private Sector Reforms: 9 Public Sector Reforms: 10 3.0 METHODOLOGY: 12 Primary Research: 12 Secondary Research: 12 POPULATION SAMPLING: 12 4.0 FINDINGS: DISCUSSION & ANALYSIS 12 Factors Contributing to the Change of Industrial Relations in the Region 12 Labor Reform Policies: 12 Globalization : 13 Economic integration 14 Change in Technology 14 Changes in Labor Law and Attitude towards Unions 15 Decentralization of Bargaining 15 Management Alteration 16 Conclusion: 17 The End . INTRODUCTION: Industrial relations today by many accounts, is in crisis. In academia, its traditional positions are threatened on one side by the dominance of mainstream economics and organizational behavior, and on the other by postmodernism. In policy-making circles, the industrial relations emphasis on institutional intervention is trumped by a neoliberal emphasis on the laissez faire promotion of free markets. In practice, labor unions are declining and fewer companies have industrial relations functions. The number of academic programs in industrial relations is therefore shrinking, and scholars are leaving the field for other areas, especially human resource management and organizational behavior. The......

Words: 4622 - Pages: 19

Premium Essay

Labor Market

...remain negative. Positive growth rate may be reached only in 2011. The social and economic situation in the country depends primarily on the stability of the macroeconomic environment – ability to develop the favourable environment for investors and entering of the foreign markets, to enhance possibilities for undertaking business activities under circumstances, whereby financial resources are available within a limited budget, as well as credit conditions for businesses. The important role is also devoted to entertaining and improvement of 2002 2002 2003 2004 2005 2006 2007 2008 Jan.09 Apr.09 Jūl.09 Okt.09 Jan.10 Apr.10 Jūl.10 Okt.10 Dec.10 2003 2004 2005 2006 2007 2008 I quarter 2009 II quarter 2009 III quarter 2009 IV quarter 2009 I quarter 2010 II quarter 2010 6 skills and competencies of the labour force, in order to lower the risk of structural unemployment in the future and address existing labour market challenges. The economic growth will be closely related with a gradual increase of economic activities in export partner countries, especially in the EU, as well as with the reforms being implemented for improvement of the competitiveness of the national economy. Evident labour market recovery is expected a year after the economic growth resumption, since it will be mainly based on the productivity growth, but not on the increase in the number of employed. 1.2. The profile of registered unemployed The first unemployment decline was fixed in April......

Words: 896 - Pages: 4

Free Essay

Market Research of Japan Part 1

...television advertising by using market survey system in which can measure whether the advertising is effective or not through the dual analytical tools of television ratings and product purchasing data. Hence below it is Swot analysis about japan market condition: Strength | Weakness | * Zen, Japanese people are always looking for perfection and improved itself lacking aspect. * Technology, the new technology arisen before anybody does and they has to figure it out to market it globally * The strong economy of japan, such alliances with the US | * Non-verbal communication practice in Japan causes the others foreigner misinterpreted the meaning of its transaction. * Quickness, as known that Japanese people always hardworking, many companies was afraid to engage with japan as the quickness in determine an unclear event in which gave a lot of job which actually not necessary to other countries. * Groupies concept should be loosen it | Opportunities | Threats | * World’s second largest national market * Environmental issues such as recycling, energy saving and etc. * Increase of women population in area of business which can develop a lot of idea and contribution to the japan. * Foreign influences or the student whose study outside of japan and return back could give a new insight to their culture. | * They do not support the foreign investment opportunities as their always thinking that they have a great product in the market. | However......

Words: 621 - Pages: 3

Free Essay

Education’s Effect on the “Wage Gap”

...Education’s Effect on the “Wage Gap”                A hot-topic that continues to be a point of emphasis across not only the United States economy but the world economy as a whole is the ever-increasing gap between the upper-class and lower-class. The recent recession in the United States has intensified the subject seeing the top one percent of incomes in the country rise 20% in 2012 as opposed to some other lower-class incomes falling as much as 18% throughout that same timeframe. Other countries have seen similar issues between the two classes and the path toward extinction for the “middle-class.” In-order to combat this trend, some countries have instituted economic policy changes specifically around education. The following will explain how education and the wage gap are related, what the situation is currently in the United States, and what other countries are doing to combat the wage gap which the U.S. can learn from.                In order to understand how education has an effect on the wage gap, it is first important to understand the labor market and how wages are determined. “The Marginal Productivity of Labor” is the additional output produced by the addition of one more labor worker holding all other inputs fixed. “The Law of Diminishing Marginal Productivity of Labor” says that the more workers there are (again, holding all things constant) the lower the total productivity per worker will be. This is comparable to having a factory with only one machine. If......

Words: 3236 - Pages: 13

Premium Essay

Labor Market

...Studies in Labor Markets Professor Ron Signore Columbia Southern University October 26, 2014 The internet may be changing job search behavior in the United States. Job search methods used by unemployed U.S. workers has increased significantly over the last decade, coincident with the rapid rise in Internet penetration. Moreover, in the United States where internet penetration has risen the most, the unemployed appear increasingly likely to use job advertisements for seeking and contacting employers directly. The vast majority of workers using the internet to gather information about employment are those who are already employed. Logically, workers use the internet for job search are more likely to leave their current employer. It is plausible, though far from certain, that online job search may increase the rate at which workers change jobs. The core problem job boards are facing, is that prospective employees who post their resume and credentials online face a strong incentive to conceal or slant information to make themselves seem more attractive to potential employers. Recognizing this, employers are likely to treat information posted to job boards with skepticism. If in part, employers view the information on job boards as untrustworthy, these boards can do little more than provide employers with names and numbers, leaving them to discover essential information about worker skills and qualifications through other mechanisms such as interviews, background checks...

Words: 419 - Pages: 2

Premium Essay

Ending Gender Pay Disparities

...2009 Ending Gender Pay Disparities Pay disparities for women are a longstanding and troubling issue. While there was some advance in relative women’s pay as indicated by statistics on the ratio of female to male pay, in around 1994 the ratio leveled off suggesting an end to progress (See Figure 6.1, McCall 22). The differences in pay are widespread and pervasive applying not only to female-oriented jobs but to any jobs in which men and women both engage. Only at the bottom of the wage scale do women’s and men’s pay tend to converge because of the effect of the minimum wage. Statistics from 2005 show women earning only 0.77 of what men earn (Weinberg 26). Research has brought out many factors that seem to be influential, such as number of hours worked, experience, and differences in employers (Weinberg 26). However, such explanations do not offer much hope for improving the situation so as to make equal pay a reality. The recently passed Ledbetter Bill has closed some loopholes, but it is unlikely to have a significant effect on ending pay disparities (Erbe). Some might argue that the government can do no more since these disparities result from factors other than gender discrimination. However, as long as women make considerably less than men in similar jobs, women are second-class citizens and not full participants in society. I strongly urge Congress to craft and pass legislation that recognizes the existence of gender pay disparities as an indication of......

Words: 3183 - Pages: 13

Premium Essay

Labor Markets and Recruiting Tasks.

...different ways that labor markets can be identified and approached. • Geographic Labor Markets – are markets labor markets classified by geographical area. There could be area based, local, regional, nation-wide labor markets. Local and area labor markets vary significantly in terms of workforce availability and quality. (Mathis & Jackson, Human Resource Management, p. 2008, 197) For example, one region can be short of local workforce, because of aging people and there is a high immigration of foreigners to fulfill these vacancies. Changes in a geographic labor market may force changes in recruiting efforts. (Mathis & Jackson, Human Resource Management, 2008, p. 197). For example, if a big company locates in the specific region, other local employers will have to give more effort to keep their employers and grant bigger wages just to keep them. • Global Labor Markets – are such markets when the company searches for the right employee globally. For example workers from Eastern Europe travel to work at cheap manual labor jobs, and the receiving countries are likely to accept them because workers’ demands are smaller and that is why they can pay less wages. Recruiting employees for global assignments requires approaches and understanding different from those used for typical recruiting efforts in the home country. (Mathis & Jackson, Human Resource Management, 2008, p. 198). Significant issue of global markets is government regulations by which the local labor force is......

Words: 1448 - Pages: 6

Premium Essay

Investigating Wage Disparities Between Caucasian and Hispanic Workers

...Investigating Wage Disparities Between Caucasian and Hispanic Workers The significance of earnings is a growing façade in today’s economy. Daily operation, individuals, and families alike rely heavily on each sale or paycheck to provide financial stability throughout. Depending on the nature of labor, wages are typically in accords to one’s experience and education or specialization. Moreover, calculating the specified industry, occupation title, education, experience on-the-job, gender, race, age, and membership to a union will additionally influence wages. To help analyze operation pay scales and remain within budget a business should obtain data pertaining to current variations in wage. Today statistics allow a business or businesses to do so in a timely and proficient manner. The purpose of the succeeding report is to communicate a hypothesis statement regarding the wages of Hispanics and Caucasian workers. Team D would like to determine whether race has an influence on the wage of these specific workers. Team D will convey this data of wages in both a numerical and verbal manner. Moreover, it is to describe and perform the five-step hypothesis test on the wages and wage earner data set, including data tables and results of the computations of a z-test or t-test by way of graphical and tabular methods. Also the paper will depict the results of all testing and convey how the results given Team D’s hypothesis testing may be used to answer the research......

Words: 1147 - Pages: 5

Premium Essay

Labor Market Case

...order to earn more to support the demands of a family. For this reason, we included an interaction term to reflect this belief. None of the observable independent variables considered is constant, and there are no perfect collinear relationships among them. There were three enticing variables in our dataset: how long individuals chose to usually work per week, whether or not individuals worked 35+ hours per week, and whether or not they worked 40+ weeks per year. We concluded that these variables are endogenous to our model. The time an individual spends working depends on their preferences to market work or leisure, and that preference is an unobservable factor. The inclusion of these variables in our model would have violated the zero conditional mean assumption of the OLS procedure. There may also be significant differences between the earnings of fulltime workers and part-time workers, to further emphasize why these variables should be avoided. To work around these issues, we restricted our modeling dataset per this criterion, “worked 35+ hours per week*worked 40+ weeks per year = 1”, to restrict our subsample to full-time employees only. Despite the pros of the data limitation above, it has cons: It further reduces the randomness of our sample data, a possible violation of the first OLS assumption. Another possible issue in our model is the fact that the causal effect of marriage on earnings is not clear. Is it that married men may work harder and are more......

Words: 2289 - Pages: 10

Premium Essay

Labor Market

... 1: Explain why the labour demand curve is always downward sloping. The labor demand curve is affected by the wage in two ways. First, higher wages imply higher costs, which leads to higher product prices in order to cover the costs. This usually lowers the costumer demand, and the firms reduce their output, and need less employment. This is what we call the scale effect. The other effect is the substitution effect, where we assume that the price of capital is held constant. When wages increase the relative price of capital decreases, and the firms shift towards a capital-intensive mode of production. These two effects are the reasons why the labor demand curve is downward sloping. 2: Why would we expect that the slope of the labour demand curve of a firm in man- ufacturing is flatter than the slope of the labour demand curve of the entire manu- facturing sector. When the wages increase, the costs increase, and this leads us to increased product prices, which will lead to a decrease in the demand of the product. Because of this, the employment will decrease. Given these facts, we see that the wage’s final effect on employment depends on the elasticity of demand for the product. Because a single firm has a higher elasticity of demand than the entire market, their labor demand curve is flatter than the labor market demand curve of the entire market. 3: Derive the labour market equilibrium for the manufacturing sector if the demand for manufacturing goods......

Words: 1553 - Pages: 7

Free Essay

Part 2

...Amanda Raby 5/18/16 “Logic and Set Theory” Part # 1 The intersection gives only what the two sets have in common. The union of two sets is the set of elements which are in either set. The intersection of two sets is the set of elements which is in both sets. Make sense right? At times there will not be any intersection at all, this would be called an empty or null set. The intersection gives you only what the two sets have in common whereas the union combines the sets. With the union we can retrieve records from both database sets, being able to access all of each set of records but when using the intersection of the database sets you can only access the records that meet both conditions. Some examples may include the following (Something I can think of): After doing some reading I figure that most everyday things we encounter is ran through a database. When you access a database, often you want to recover only records with certain features. The records with these features can be treated as a set. For example, one set is all children born in the state of Maryland and the other set is all children born with Red hair in the U.S. When you use the union of both sets we include all children in the state of Maryland and all children born with Red hair nationwide. This will includes all of both sets, but when......

Words: 500 - Pages: 2

Premium Essay

Significance of New Wages and Labor Regulation

...California State University, Fullerton Significance of New Wages and Labor Regulation The Relationship between Government, Business, and People Howard Liang POSC 100-07 Donald J. Matthewson April 21, 2016 Significance of New Wages and Labor Regulation New wages and labor regulation reveals a strong connection between government and business. In political science, government analysis political activity and behavior, Congress creates and passes laws, and other federal agencies make and enforces regulations. Since government and Federal play a major role, which ensures country’s safety and people’s survival quality, businesses become the primary goal to guarantee community growth. The following paper will focus on explaining how government, business, and people are connected by new wages and labor regulation in a political science view. Businesses are an important part of any state or country due to their contribution to the development of the state. There is a direct relationship between the performance of the business community and economic growth within a state. The business community does not exist within a vacuum, but operates within the framework of the state in which it operates. The government obviously appreciates the important role of the business community to the success of a country. However, every government must remember that its primary mandate is to protect the citizens. Governments thus have to ensure that businesses......

Words: 1924 - Pages: 8