Friday, August 9, 2019
In what ways does low-wage work involve more Essay
In what ways does low-wage work involve more - Essay Example (Miller, 1992) Normally, a married couple shares household expenses making it easier to support the financial needs of the family. This way, married women have ample time to do housework and duty as a mother. In the case of single mothers, the only way she could increase the income is by increasing the working hours. It means that a single mother usually ends up sacrificing her leisure time with her children in exchange for the income she would earn while working. For example: Jack is earning $5,000 a month working 8 hours a day as a manager in a five-star hotel whereas Cindy earns only around $500 a week working 8 hours on a part-time job as a waitress because she is taking care of her child as a single mother in the morning. For Cindy to be able to earn $5,000 a month, she will have to work longer hours so she financially supports her child. For Cindy to earn the same earnings of Jack, she will have to work for a total of 80 hours a month. [($500 / 8hours) = $62.50 / hour; $5,000 a month / $62.50 per hour = 80 hours a month] (Jones, 1999) Yes. I agree that the U.S. government should protect the workers and their retirement savings from a similar case with the Enron. The pension law prepared by the Department of Labor clearly states that each employer has the duty to provide the 401(k) plans for its employees. In this case, the trustees who are responsible in overseeing the 401(k) plan as well as the top executives or directors who monitors the plan should be held liable to employees in case of the court could prove that there was a breach in the fiduciary duty. (Dugas, 2002) The main cause of Enronââ¬â¢s bankruptcy was illegal in the sense that the top executives of the company manipulated the corporate statement of account for many years in order to mislead the public shareholders with billions of dollars and eventually abandon its employees with their pension funds. (Jezer, 2002) Setting the corporate top executives who are
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