Current Congress Legislation Essay Example | Topics and Well Written Essays - 500 words

Current Congress Legislation - Essay Example Taxing small businesses fairly is a very important step in promoting them. American is strong due to the important role played by small businesses. Statistics indicate that more than 90 percent of all employers are small businesses. Therefore, if small businesses are not healthy, reducing unemployment in America is easy. Economists estimate that value of output from small businesses is 50% of non-farm GDP. With such a huge amount of output for the country, promoting small businesses is good for the American economy. The same companies are responsible for producing much of the knowledge that gives America competitive advantage over competitors. Small firms produce more patent per employee than large companies do. This suggests that without small firms, knowledge creation would take a beating. Small businesses in America are found everywhere. The numbers of small businesses are estimated at more than 22 million. A law that is beneficial to this huge number of small businesses will be felt in virtually every neighborhood in America. By virtue of their spread, they employ as much as 50% of all employees in private sector. Another important contribution of small businesses is exporting ("Office of Advocacy - Press Releases - Small Businesses Are Important Players in U.S. Business and Job Growth†). Currently, American is facing trade deficit because Americans import too much consumption goods more than export. By exporting, small business help, prevent the present trade imbalance from getting worse. Approximately 97% of American exporters are small businesses who export goods and services values as 27%of total export. Small businesses in America are started at a rate of half a million per year. This explains their capacity for creating jobs for Americans. If they are supported, more of these small businesses would succeed. Lastly, even the big Americans corporations that pay billions in tax every

Business Risk Management Assignment Example | Topics and Well Written Essays - 1000 words

Business Risk Management - Assignment Example 132). The average of three hundred and fifty dollars they receive is as too low to cater for the needs and demand of their families. Working hours and salaries: Within the last ten months, all the three Apple factories operating in China exceeded both the Chinese legal limits on working hours and the fair labor association standards. The fair labor association allows a maximum of sixty working hours per week, including both standard shifts and paid overtime. According to its survey, the Apple branches in China broke this rule by subjecting its employees to more than maximum working time per week. Though the workers are forced to work over the limits allowed by both the government and the fair labor association, Apple own investigation has shown that most of its facilities located in foreign countries broke legal limits by failing to pay proper overtime wages as stipulated by the law(Sad grove, 2005, p. 338). The fair labor associations found that almost a quarter of Foxconn’s workers do not get the compensation they are owed for unscheduled overtime. Health and safety: Almost half of the employees surveyed, by the fair labor federation, said that they were either experiencing or witnessing some kind of work related accident. Before FLA investigations, Foxconn recorded only accidents that resulted to production stoppages (Pickett, 2006, p. 275). This has for a long time led to torture of many of its workers, who had no one to return to their rescue. Prevention of underage labor: In its 2006 audit, Apple Company placed some of its findings on its website. Its current reports, on breach of labor and human rights including the use of underage workers, indicated that in more than hundred of its facilities, excessive work hours were a common thing and that most of those facilities failed to pay proper overtime wages (Froeb & McCann, 2009, p. 204).