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Economincs - Example Papers

Economincs


When was the last time a "value" meal from McDonald, let alone any other fast food chain, did not cost five dollars or more? When was the last time premium gas was under a dollar a gallon? It's hard to remember, isn't it?
Wouldn't it be great if everything cost a nickel, like back in the good ol' days?
According to the laws of economics, it's not logical for things
to have gotten more expensive competition should drive prices down. Then
why have prices continued to rise over the years?The continuing demand of
more money for less work has forced Uncle Sam to raise the minimum wage
innumerable times in the last half century, which results in higher prices
for the rest of us. Another ...

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more a single employee costs a business an hour, the fewer
employees the business can afford to employee an hour. This results in the dismissal of employees to compensate for a raise in labor costs, which
creates a smaller staff, which results in slipshod service. Although most
reasonable people would rather pay more for better service, the plain fact of the matter is that the service hasn't really gotten any better. The
service is better than it was when there weren't enough employees so
people assume the service itself has gotten better, while the truth is
that the service is just as haphazard as before. The laborers are simply
replaced because of a need for more employees, more often than not by
people who have never worked in those positions before. By having a staff
that is constantly fluctuating, the business hurts itself the service is
hurt because the new employees are in need of training, and in the end it
is us, the consumers, who feel the real pain ...

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"Economincs." Essayworld.com. January 11, 2007. Accessed December 23, 2024. http://www.essayworld.com/essays/Economincs/58554.
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PAPER DETAILS
Added: 1/11/2007 10:01:21 PM
Category: Miscellaneous
Type: Premium Paper
Words: 709
Pages: 3

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