Scenario 1:
Best Case: Only the workers that work the hardest are kept. The excess is let off, providing maximum amounts of profit. If only the hardest working workers are kept this will mean fewer salaries to pay and only the hardest workers in the wool factory are kept. The workers that are kept will work 11 hours per day with one 30-minute lunch break in between. The workers will be slightly above minimum wage; they will be paid 45d. per day (this results to £41.67 annually during this time.) Letting workers go will solve the solution of the overabundance, otherwise I would be forced to expand the size of my factory, costing me lots of money, time, and effort. However, keeping on the hardest working and requiring them to work a long 11-hour …show more content…
Especially for a pure capitalist, profit is a main drive regarding factory worker’s wages, expenses and working conditions. Wherever there are opportunities to cut costs and widen the profit margin a capitalist will do so. Regarding workers conditions I would have adult workers (16+) to be working full time at my factory. This would mean they are working 13 hours per day (8am to 9pm) I would pay these full times workers minimum wage (45d. per day), however, for workers who display hard work and efficiency I would slightly increase their wages (48d. per day.) This would create an incentive for the workers to strive towards, maximizing my workers value and efficiency. For workers between the ages of 11-15 I would have them working most of the time. For these workers I would have them at my factory for 9 hours per day (times vary), however, as the boys grew older I would slowly start to ease them into a full work day. These workers would work awkward times of the day when the number of workers was short. These workers would be paid slightly below minimum wage as they don’t work full time. They would be paid approximately (40d. per day). Though, this wage would increase as they grew older and became more experienced at the factory. With the kids under the age of 11 I would have them only working a few hours of the day as this could allow them to pursue their studies and schooling. These boys would work on 6 hours a day. However, these hours would usually be very early in the morning prior to their school day. These young workers would only be paid 28d. per day. This wage would be fixed, as the “earn what you work for” policy would not apply to these younger children causing them to be overworked. While I would encourage hard, efficient working I would make sure my younger workers are always put in a safe environment. This however does not
Best Case: Only the workers that work the hardest are kept. The excess is let off, providing maximum amounts of profit. If only the hardest working workers are kept this will mean fewer salaries to pay and only the hardest workers in the wool factory are kept. The workers that are kept will work 11 hours per day with one 30-minute lunch break in between. The workers will be slightly above minimum wage; they will be paid 45d. per day (this results to £41.67 annually during this time.) Letting workers go will solve the solution of the overabundance, otherwise I would be forced to expand the size of my factory, costing me lots of money, time, and effort. However, keeping on the hardest working and requiring them to work a long 11-hour …show more content…
Especially for a pure capitalist, profit is a main drive regarding factory worker’s wages, expenses and working conditions. Wherever there are opportunities to cut costs and widen the profit margin a capitalist will do so. Regarding workers conditions I would have adult workers (16+) to be working full time at my factory. This would mean they are working 13 hours per day (8am to 9pm) I would pay these full times workers minimum wage (45d. per day), however, for workers who display hard work and efficiency I would slightly increase their wages (48d. per day.) This would create an incentive for the workers to strive towards, maximizing my workers value and efficiency. For workers between the ages of 11-15 I would have them working most of the time. For these workers I would have them at my factory for 9 hours per day (times vary), however, as the boys grew older I would slowly start to ease them into a full work day. These workers would work awkward times of the day when the number of workers was short. These workers would be paid slightly below minimum wage as they don’t work full time. They would be paid approximately (40d. per day). Though, this wage would increase as they grew older and became more experienced at the factory. With the kids under the age of 11 I would have them only working a few hours of the day as this could allow them to pursue their studies and schooling. These boys would work on 6 hours a day. However, these hours would usually be very early in the morning prior to their school day. These young workers would only be paid 28d. per day. This wage would be fixed, as the “earn what you work for” policy would not apply to these younger children causing them to be overworked. While I would encourage hard, efficient working I would make sure my younger workers are always put in a safe environment. This however does not