This week we began to revisit the employment law textbook. In Chapter 12, we discussed wages, hours, and pay equity. Of the first topics we discussed was the federal minimum wage. States are required to meet the federal minimum wage, but can provide more. I was not surprised that California had a higher minimum wage because the cost of living is extremely high there, especially compared to Texas. We have one of the lowest calculated cost of living in the United States. One of the few exceptions to the federal minimum wage rate deals with tipped employees. I am confused on whether we should get rid of tipping all together. I do not understand why they shouldn’t get paid like normal employees. I understand that the price of the food will increase, but is it really that bad. I feel obligated
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Employers are required to make contributions to social security, unemployment insurance, and workers compensation on behalf of its employees. Although federal laws doesn’t state providing health insurance is mandatory, the Affordable Care Act may affect larger organizations. While it is a sensitive topic, I do agree that everyone should have healthcare. I am unsure why it is such a big deal with larger corporations because most already provide health insurance to their employees, but I’ll digress. One of the topics I was unfamiliar with is pension plans. As a senior business student searching for a full-time job, pension plans are discussed a lot. Making sure employers are wisely using pension funds is very important. Anytime you are dealing with the stock market, there are always risks involved. Pension funds require lower risk than actual stocks, but that has not stopped business from losing it. Many airlines and steel producers including United Airlines, Delta Airlines, and Bethlehem Steel have had to deal with the backlash of losing pension funds in the 2000s. Some people’s futures depend on these plans so extra care must be
Employers are required to make contributions to social security, unemployment insurance, and workers compensation on behalf of its employees. Although federal laws doesn’t state providing health insurance is mandatory, the Affordable Care Act may affect larger organizations. While it is a sensitive topic, I do agree that everyone should have healthcare. I am unsure why it is such a big deal with larger corporations because most already provide health insurance to their employees, but I’ll digress. One of the topics I was unfamiliar with is pension plans. As a senior business student searching for a full-time job, pension plans are discussed a lot. Making sure employers are wisely using pension funds is very important. Anytime you are dealing with the stock market, there are always risks involved. Pension funds require lower risk than actual stocks, but that has not stopped business from losing it. Many airlines and steel producers including United Airlines, Delta Airlines, and Bethlehem Steel have had to deal with the backlash of losing pension funds in the 2000s. Some people’s futures depend on these plans so extra care must be