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The mandatory minimum wage increase has been a heated debate in recent times. Some reasons people may think it would be a good idea to raise it would be because the minimum wage has not kept up with inflation. I believe this to be the biggest argument and has sound validity. An individual making minimum wage, let us say in Texas at 7.25 an hour, working full time, cannot afford basic housing utilities and food. It may seem wise to raise it but it would also most likely result in layoffs, fewer entry level positions and raise incentives for more companies to outsource manufacturing, (Doyle, 2016). Also, prices of products may rise to offset these higher labor costs, (Doyle, 2016). If you pay Bob 15 dollars at a hamburger joint, the price for that burger will rise because it becomes more expensive to make. While many argue that the national minimum wage should be 15 dollars an hour, I would highly advise against it. Here in Texas, at 7.25, if the minimum wage was doubled, it could be catastrophic for the economy. While I do agree the minimum wage should be higher, I believe that is not out of the question that it could be raised a dollar or two and then be reevaluated after that.?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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