Compare Africa, Latin America and Asean as Potential Investment Destinations of China’s Outward Fdi Essay Example

Compare Africa, Latin America and Asean as Potential Investment Destinations of China’s Outward Fdi Essay Example Compare Africa, Latin America and Asean as Potential Investment Destinations of China’s Outward Fdi Essay Compare Africa, Latin America and Asean as Potential Investment Destinations of China’s Outward Fdi Essay Compare Africa, Latin America and ASEAN as potential investment destinations of China’s outward FDI China has become a capital-surplus economy and its overseas investment has grown apace. Although its outward investment is still small in absolute terms, especially compared to the huge inward flow, Chinas overseas enterprises have been quietly gaining importance as new sources of international capital. They are now globally diversified and involved in a wide variety of sectors, including banking, manufacturing and natural resource exploitation. In the coming years, Chinese outward investment is expected to accelerate. But what is the best destination for China to do the investment? In order to compare Africa, Latin America and ASEAN as potential investment destinations of China’s outward FDI, we should have a clear understanding about the business environment. Environment of Business includes the economic and legal environment, the technological environment, the competitive environment, the social environment, and the global business environment. These five factors can potentially have both a positive and a negative impact on the business. Let’s begin with the first one the economic and legal environment. Financial backers often complain of legal and judicial uncertainties in Africa. This has obviously a dissuasive impact on international investors and weighs heavily on one of Africa’s main structural problems, which is: lack of investment. However, Africa’s subsoil is so rich of commodities that are essential to the world’s economy that Africa can simply not be avoided by foreign investors. The birth of the Organization for the Harmonization of Business Law in Africa (â€Å"OHADA†) was a consequence of the awareness by certain African states mostly former French colonies of the challenge represented by the globalization of markets. While in Latin America it comes to formulating cluster-oriented policies. Clustering seems to enable firms, especially small and medium-sized enterprises (SMEs), to grow and upgrade more easily. SMEs may even become players in world markets if a high degree of interfirm specialization and their proximity to other firms performing complementary functions offset the disadvantages of being small. Clusters often create positive externalities which help managerial and technical learning. Empirical evidence shows that clustering is especially common among traditional small-scale and labor-intensive activities. Upgrading these activities contributes to a more balanced firm size structure and a more labor-intensive growth pattern. These features of clustering have attracted the interest of policymakers in developing countries and development assistance agencies. With Chinas dynamic economic growth, its relations with the Association of Southeast Asian Nations (ASEAN) states have expanded rapidly in recent years, culminating in the conclusion of the landmark China–ASEAN Comprehensive Economic Cooperation Agreement in 2002. Beyond trade and economic activities, China–ASEAN cooperation has broadened to cover the environment, science and technology, non-traditional security areas and related legal issues. Chinas relations with ASEAN have reached a new era where the two sides have established an economic, legal and political framework for their comprehensive cooperation. Then we should concern about the technological environment. It’s known that productivity increases are facilitated by technology innovations, integration of technological innovations with changes in policies, organizations, human capital and infrastructure related to extension, input and output markets and processing services, and coordination of these innovations across different stages. As we all know, in the history, Africa has not got very strong power of science and technology. It has always been a big problem which keeps the economic of Africa from developing. At least, the infrastructure such as transportation, telecommunication, and power is a big limiting factor. In this case, technological environment is not good in Africa for international business. On the other hand, however, this disadvantage also offers much space for international communication. For example, they can receive a lot of technological and financial help and investment. In the past few centuries, many foreigners have brought to the continent their notions of science and technology to harness both the African environment and often also its people. In Latin America, they also have technological gaps. But there have been many changes in these years and they have got new patterns of firm behavior, the new institutional environment and the new policy agenda gradually emerging in the region in the field of Science and Technology as a result of recent trade liberalization and market deregulation efforts. While in this aspect, ASEAN has an absolute advantage. Many countries in ASEAN are not weak in technology. So it is obvious that their technological power provides a better environment for international business, and it will be much more convenient for them to receive introducing investment. Then it comes to the competitive environment. Africa is not developed, but it has its own advantages for development. Resource is the most significant one of them, and it’s also a big reason to cause the competition in international business. The more resources, the more competition. Actually, when talking about resources, things in Latin America are similar to those of Africa. Besides, exploitation in these two regions began late, and countries in these two regions can hardly exploit and develop all by themselves, so they need more investment and many other countries pay attention to them. As a conclusion, it is much more competitive in Africa and Latin America than in ASEAN. It’s time to analyze the issue of social environment. I think different people and different cultures matter most. We can tell it clearly that it’s much easier to invest in ASEAN than in the other two regions. Because China is closer to countries in ASEAN than Africa and Latin America, and our tradition and habits can be similar, so it will be easier to communicate with them and undertake the investment. The last one is the global business environment. The global environment includes war and terrorism, globalization, regional integration. First is the issue of security. ASEAN is the safest region, and there are small local wars and sometimes pirates appear in Africa and Latin America. As to globalization, I think all of these three regions have a good state of it because of the convenient transportation and other aspects. However, ASEAN does better in regional integration, because it covers more than one continent. Comprehensively speaking, I think ASEAN has better global environment. All above is my opinion about Africa, Latin America and ASEAN as potential investment destinations of China’s outward FDI.

Word Choice There, Their and Theyre - Proofeds Writing Tips

Word Choice There, Their and Theyre - Proofeds Writing Tips Word Choice: There, Their and Theyre When writing, its easy to confuse the words there, their and theyre since they sound similar when spoken. Moreover, these words will not always be picked up by your spellchecker if used wrongly, so its easy for errors to creep into your work. How, then, can you make sure youve used them correctly in your work? Read on to find out! There (Location or Position) There is used to indicate the place of something. We can thus use it to refer to something in our immediate vicinity: Not the red car. I mean the green car over there. Or to refer to a place previously mentioned in the conversation: India? No, Ive never been there. It can also be used with the verb are to assert the existence of something: There are several cinemas in New York. Or to ask a question about whether something is present or existing: Is there a burger bar somewhere around here? Their (Possession) Their is a pronoun used to indicate third-person, plural possession. This means that it is used when describing something that belongs to a group of things or people: This is their ball; youd better give it back. You know its winter when the trees lose their leaves. Remember that the word theirs is a pronoun and used in the same way as his or hers. You do not need to add an apostrophe to show possession! Theyre (They Are) The apostrophe in theyre indicates that this is a contraction of they are: Theyre going to win the game. I think theyre coming over tonight. Its worth noting that contractions like theyre are often considered informal, so you should make sure to write they are in academic or professional documents. To check your writing for mistakes like these, why not send it to the professionals at Proofed?

Commercial Law Problem Question Essay Example | Topics and Well Written Essays - 1000 words

Commercial Law Problem Question - Essay Example Sally obtained only 300 bulbs as her supplier could not deliver the full consignment to cover Billy’s order. She has a right to recover damages from her supplier, if she had asked for supply of a particular number of bulbs. Sally had agreed to sell future goods2 to Billy. Sally had made delivery of 300 out of the 400 bulbs that Billy had agreed to buy. Billy was within his rights to reject the entire delivery3. Billy is entitled to damages for non delivery of goods.4 He is also entitled to seek specific performance from Sally.5 When does the Property Pass In Kulkarni v Manor Credit6 the issue was the time when property in the car passed to Kulkarni. The car, subject to a hire-purchase agreement was fitted with license plates after Kulkarni entered into contract with the hire-purchaser. It was held that the car was not in a deliverable stage at that time and hence property in it passed after it came into a deliverable stage. S. 19 and 20 of SOGO provide for the passing of prope rty in goods. As per rule 5 (1) of Section 20, property in future goods by description passes when they are appropriated by the seller with assent of buyer and such assent can be after the appropriation is made. The property in the bulbs passed to Billy when the 400 bulbs were appropriated by Sally for delivery to Billy. Sally’s Legal Position She would have had a right to sue her supplier for the non delivery of specified number of goods. However she had accepted delivery of wrong quantity and she is not entitled to that. Sally has not yet delivered the goods to Clive. She can to withhold the goods from Clive and exercise a right of lien over the goods.7 However, she will not be entitled to sell the goods to Danny, as the property in the bulbs has passed to Clive when she legally or otherwise apportioned the bulbs to Clive and arranged for their delivery. Clive derives an interest in the goods after this. In Re Wait8 the seller went bankrupt after he sold the goods. The buye r claimed an equitable interest to insure that he did not lose both his money and goods to the trustees of seller in bankruptcy. Court of Appeal held that property in the goods had not passed to the buyer as he had only paid for a part of the bulk. In Re Goldcorp Exchange9 the receivers of Goldcorp Exchange argued that the title in the bullion did not pass to the creditors of the company because the goods (bullion) was not ascertained. In the instant case, the goods were ascertained as Clive had seen the bulbs and had agreed with Sally to purchase the same. In the market overt principle, when the goods are openly sold in a shop or a market in Hong Kong, the buyer acquires a good title to the goods, provided he buys them without notice of any defect in title of the seller.10 However, the courts have ruled that the market overt principle can not be applied in all cases. In Au Muk Shun v Choi Chuen Yau11 the issue was sale of 43 tons of pig iron. It was held that 43 tons of pig iron co uld not be considered to be on sale in the retail market. Remedies available to Billy It was duty of Sally to deliver the bulbs to Billy on 18 February as she had agreed to. So Billy is entitled to damages for non delivery of goods. The measure of his damages will be the estimated loss resulting from Sally’s breach of contract. In the instant case, Sally had agreed to sell the bulbs for $48,000. Billy bought the bulbs from Edward at $60,000 when

Questions Essay Example | Topics and Well Written Essays - 500 words - 28

Questions - Essay Example This is especially useful in approach to new products because it involves seizing new opportunities after consideration of the company strengths. An evaluation seeks to check whether the implemented projects were effectively realized as per the original strategic visions. Overall objectives of a company can never be met in solitude. It takes shared resources as well as commitment. Experts from various departments and even outside companies and consultancy groups come together to manage the decisions that are sound to operations of the company. With their diverse backgrounds, they are able to make decisions valuable to a company visions. An organization may seek market leadership through a collection of methods such as low cost products of superior quality and great innovation. However, projects are the most outward methods that the organization can use to measure achievability of the objectives. A company may be efficient internally as well as externally and this can be seen from the way objectives are effectively met. Comprehensive scope analysis is very important planning technique. This is because it specifies the contents of the work as well as the outcomes of the project. Scope analysis helps put in mind the amount of resources required and the level and amount of activities required completing a project. A comprehensive scope analysis takes into account several steps to be put to mind to make sure that the success is guaranteed. At this stage, a conceptual development is put into account to make sure that the best methods of achieving the goals of the project are the ones that are primarily used. Scope analysis also has a scope statement which seeks to put a limit to the development level of the project that is required. With consideration of six important steps, with each step serving a specific purpose, the benefits of scope analysis

Wedding Speech Delivered by the Bride :: Wedding Toasts Roasts Speeches

Wedding Speech Delivered by the Bride I wouldn't want anyone to think that I'm trying to have the last word here but I thought it only appropriate that the bride speaks and those of you who know me well enough will agree that it's usually hard to keep me quite. Well today is no exception, so here we go! I feel privileged to be sharing our day with most of the friends and family who have been important to us during our lives. Many of you have travelled from afar:- South Africa, Botswana and even the UK, and some of you have had 0to take time off work to be here. Thanks to all of you for the efforts and sacrifices you have made to be with us today. Of course there are those who are unable to be with us and there is one person in particular who I would dearly have loved to be here today to see me married and that is my Dad. He's certainly been in our thoughts today,a s he is everyday. I'd like to thank Allan for his earlier compliments and would like to add how wonderful he looks today. Allan and I have been together for about 14 years (as has been mentioned a number of times tonight) and during that time we've been through a lot. But he has many wonderful qualities - charms, brains & beauty are sadly the only ones missing! No seriously, I would like to thank Allan for being the person that he is. He is good company and is funny, affectionate and loving and he's a friend as well as a partner and it means a lot to be is wife after so many years. I would now like to drink my own private toast to him and or future together. To Allan, you know everything about me and love me just the same. Now I don't mean to bore you with repetition but I would like to say a few personal thank you's to some very special people who have contributed enormously to our day:- * Firstly, to the most wonderful mother a child could ever have – not only for all the love, support and guidance over the years but also for everything you've done towards today. Your massive contribution has been priceless and without you we would never have managed and today would not have been possible, never mind so special.

Going to war with Mexico was Justified Essay

Can’t decide if the United States going to war with Mexico was justified or not justified? It can be a struggle to decide. Mexico won its independence from Spain in the nineteenth century. Spain controlled most of Central America. Due to the extremely low population for such territorial extension, Mexico relaxed its immigration policies, as a result, allowing American settlers to help populate the northern territories. Their conditions to settle were self-explanatory. Now what do think? The United States was justified in going to war with Mexico. The United States was justified in going to war with Mexico because, of the Manifest Destiny, Mexico robbed the United States citizens, and the U.S. wanted to extend slavery and land. One reason the Mexican war was justified was because of the Manifest Destiny. (Doc A) When we’re welcoming Mexicans into the Texas territory, they’re keeping the U.S. from expanding. America needs land because of our massive population. Mex ico’s government is so deprived that they can’t keep California. If Mexico can’t afford California, how will they even afford Texas? America will eventually have California, but that’s not enough for our evolution population. This evidence shows the U.S. was justified in going to war because Mexico can’t control the land they already have; America has more population than Mexico, the U.S. should have more land. A second reason the Mexican War was justified was an invasion that Mexico has passed the boundary of the U.S. (Doc B) James Polk, an American Political wrote to the Senate and House of Representatives that was a war message from the President. James informed the Senate & House of Representatives to order an efficient military to take position on the Rio Grande to meet a threatened invasion of Texas by the Mexican forces. Mexican troops were preparing to cross the river. This evidence shows the U.S. was justified in going to war with Mexico because Mexico had killed and injured sixteen Americans, also, Mexico had passed the boundary of the United States , invaded our their territory, and shed American blood upon the American soil. A third reason the Mexican War was justified was an invasion robbery. (Doc D) Charles Sumner, an American political and young state legislator from Massachusetts who later served twenty-four years in the U.S. While citizens from the U.S. moved into Texas to prove that it needs to be a part of the U.S., Mexico robbed them. Mexico and the U.S. both wanted Texas, but instead, the U.S. moved without letting Mexico know; therefore they robbed  the citizens of the United States. This evidence shows the U.S. was justified in going to war with Mexico because they did something so immature, only the Mexicans would do it. The United States in going to war with Mexico was justified. Many of those have died trying to receive the land of Texas. (Doc A) America should have more land because of our growing population, meanwhile, Mexico doesn’t even half nearly as the occupants that the U.S. has. It’s significant that the U.S. was justified or not in going to war with Mexico because one of them will have Texas. It’s important today because Texas enlarged one-third of the United States nation. Plus, if Mexican had won â€Å"The Mexican War†, the United States would’ve been less powerful than it is today. {http://voices.yahoo.com/the-significance-mexican-american-war-285493.html}

The Minimum Wage Rising - Free Essay Example

Sample details Pages: 8 Words: 2473 Downloads: 8 Date added: 2019/05/07 Category Law Essay Level High school Tags: Minimum Wage Essay Did you like this example? Purpose: to persuade my audience on the reasons and ideas as to why the minimum wage in the United States should remain constant and relevant to its current value. Thesis: The minimum wage rising in the United States creates a major problem economically and will create more problems such as costs of living and inflation within our economy which is why the minimum wage should remain consistent with where it currently sits and not rise to a living wage of $15 or so per hour. Don’t waste time! Our writers will create an original "The Minimum Wage Rising" essay for you Create order Organizational Pattern: I. Introduction A. Attention Getter: $15 $15 is what you could be earning an hour at your part time summer job working as a lifeguard or a groundcrew worker. Sounds awesome right? Yeah, I agree that sounds awesome to go from making $8.75 an hour all the way up to $15. Too bad almost certainly youll lose your entry level job to someone with more experience than you or surprisingly more education than you have all for a minimum wage job. Thats the problem, it all sounds great on paper until you start figuring out the negatives. B. Relevance to Audience: Without a doubt many of you if not all of you have had some sort of job whether its babysitting or working fast food during summers off of school. This discussion affects you, so those of you with car payments and student loans (all of us), an increase in the minimum wage will likely wipe out our jobs when we go back for the summer since this requires employers to cut jobs and hours for employees, leaving many of us lost on how to create income for ourselves to stay afloat and making us even broker college kids. C. Credibility: I, like many of you have a summer job that requires 40 hours a week and then some at times all summer long. Making good money that helps me make it through the school year. I just like all of you know what its like to make money and wonder what its like to make real money one day, when we hear an increase of a wage, we often love this concept since its more money in our pockets when this really means majority of us will be out of a job come summer due to a major increase in competition at that wage and a lack of many positions due to cuts by an employer. D. Thesis/Central Idea: The minimum wage is very appropriate at the amount it currently sits at and shouldnt drastically change otherwise we will see negative changes within our economy. E. Preview: Not only do I play on saying the facts surrounding why the minimum wage should remain constant, Ill discuss the reasons and use examples of scenarios we could very likely see impact our economy long term related to an increase to a living wage Transition: To give some insight Id like to start with what will happen from an employer aspect to us as job applicants and employees. II. Body A. First Main Point- employers will screen for better applicants 1. A high spike in minimum wage will eliminate entry-level job opportunities for youth. Youth who arent able to find jobs will have to rely on family or the social welfare system, and reported by IZA world of labor, delayed entry into the labor market reduces the lifetime income stream of young unskilled workers and therefore increases difficulty to find job due to lack of previous work. As reported in an article published by the employment policies institute, nearly half of all minimum wage earners are teenagers or young people still living with their parents. Teen suffer because theyve been priced out of the opportunity to work. Furthermore, proving that a higher wage for workers will undoubtedly result in younger workers and teens becoming vanished in the work force of those entry-level low wage jobs. One of the goals of the Fair Labor standards Act is to protect the educational opportunities for minors even though as the cost of labor rises, this makes it harder for employers and businesses to hire more people leaving teens and youth out of luck looking for jobs. From the same article by the employment articles institute gives the statistic that teen unemployment is three times the national unemployment rate when this is teens actually looking for jobs to apply for and get. 2. If the minimum wage gets to $15/hour, employers will be forced to screen for higher skilled and better qualified applicants due to a high cost and want a higher production output from their workers at a cost like that. Employers arent going to be able to have low standards for their minimum wage workers for even the lowest and easiest positions anymore, because now they will be forced to supplement the wage raise with even higher production to make up for costs and increase revenue. Majority of employers will actually see job competition more than ever for those entry level jobs you see teens working. For example a minimum wage McDonalds worker goes from being a job most dont want, but now many of those with lower income see an advantage and will compete to win these positions with that wage. 3. An implementation of a higher minimum wage will reduce the chance of those with special disabilities and social disorders to have minimum wage jobs to acquire more social and life skills. For example, at the local four seasons in town they often give people with some sort of social skill disability and people with autism or other forms of disabilities opportunities to mop up the floors and wash towels for some sort of wage most often low to give them more work experience and to grow social skills and make connections with people. Even if they want to work, which many of them do enjoy their work, the rise of wage in the U.S. will basically render it impossible for them to hold jobs when there are workers out there with more skill or can do tasks at a higher production rate. Transition: Now that we have discussed the employer effects, we shall now discuss why we will see a reduction and elimination of jobs in the market B. Second Main Point- employers reduction and elimination of jobs 1. Using kiosks and other robotic machines at fast food and other stores to eliminate jobs or reduce need of human interaction as a effective low cost alternative. A real idea we are already seeing being implemented at fast food and restaurants is the use of machines or kiosks to order your food and drinks at rather than reciting an order to a cashier to put into a computer. As reported by Forbes, When McDonalds implements mobile kiosks into restaurants, they will win back nearly $2.7 billion in lost sales supplementing that with being able to have fewer staff on hand. Some other positions that could be filled by machines are manufacturing plants replacing workers with robotic arms, driving out many positions at a plant to make work more cost effective for employer. Employers will be left with no choice but to find other low cost or cost efficient alternatives to compensate for a minimum wage increase, which is to simply not hire more workers and replace those workers with machines and robotic mechanisms as much as possible due to the fact that many businesses will not be able to pay so many workers at that wage and still have good margins. 2. Minimum wage increase would hurt businesses and force companies to close An article within Forbes had real testimonials of business owners with remarks about their struggles, Nat Cutler who owned Abbotts Cellar in San Francisco stated when you force small businesses with little-to-no margins as it is to increase their wages by over 25 percent in a very short timeframe, how are they supposed to survive? This being after the implementation of a $15 minimum wage in the city of San Francisco. Many of these small businesses rely on having lost cost workers to make profits if margins are already scarce, and an implementation of a substantially higher minimum wage forcibly makes these businesses nationwide close leaving hundreds of thousands of people out of work, increasing the unemployment rate just as we are trying to lower it as a goal by our government. 3. Would result in companies outsourcing many more jobs to countries where costs would be lower for Obviously businesses will be forced to find ways to improve margins with an implementation of a higher wage. The answer to that is to supplement that with outsourcing as much production as possible due to lower production costs in other countries like China and the Philippines. In an article published in the Foundation for economic education, Rassweiler states that the cost of parts alone of parts would go from around $190 to around $600 if made in the United States. That would make the price you pay for an iPhone go from $1,000 to as much as $2,000. This only hurts us as consumers and workers, due to the fact that the companies that can barely make it work by making products here in America, will be forced to outsource since its not even worth it cost wise to even try to keep jobs and production here when they can make their products in another country where the cost of production and wage of people is half of the minimum wage here in America. Transition: to furthermore prove the point, Id like to discuss the negative economic effects that we will see in our society. C. Third Main Point- the costly economic effect of a minimum wage increase 1. Costs of consumer goods would rise immediately one of the more obvious responses for the economy would be a higher cost for consumer goods across the board from grocery store items to electronics and other items. The cost of fast food alone COULD increase by ? the price according to James Sherk, from the heritage foundation and labor economics researcher. The cost of a spicy deluxe combo at chic fil a would rise from $6.79 to $8.49 at the minimum, $1.7 more due to the minimum wage increase. Thats substantially more money for everyone and all consumers across the board. From the same study the cost of food for markup going from $7.25 to $15 is about a 200.07% increase. And based off a state given for every 10% increase we see a 0.02% market price increase on average for all consumer goods and services. If you match that with the fight for $15 wage consumers want and could possibly see, us as consumers can expect our items to rise approximately 4% overall. Though this is the average some products will see a larger percentage and many could see a much less rise in cost. For example a $100 pair of shoes would end up costing us $104, although not much for one item do that 10 times and your down $40 that could be in your pocket. In specific from the same article as previous we see a $10% rise in prices, but a 9.5% rise in fast-food restaurants due to costs like more staff and other accommodations you dont see within a fast-food chain. 2. Increasing the federal minimum wage would disproportionally harm the poorest areas of the united states Although this fix by increasing wages will solve the issue of poverty, some subgroups will see even more poverty with an increase, furthermore worsening our unemployment rate and creating an even further wage gap between those in poverty and those making living wages which to most starts at around $15 an hour removing them from poverty. An excerpt from the Washington examiner states The lost income associated with the hours reductions exceeds the gain associated with the net wage increase of 3.1 percent . [W]e compute that the average low-wage employee was paid $1,897 per month. The reduction in hours would cost the average employee $179 per month, while the wage increase would recoup only $54 of this loss, leaving a net loss of $125 per month (6.6 percent), which is sizable for a low-wage worker, furthermore proving that there are still many complications and other ways employees offset these costs to protect margins or influence margins for their businesses. 3. Raising the minimum wage would decrease employee benefits and increase tax payments Transition: Now there are still oppositions and good points and reasons to be made for a higher minimum wage that we need to talk about. Counterargument a. Many people will argue that, obviously, increasing the minimum wage would reduce poverty across the board. While somewhat true, we will see no improvement in the unemployment rate as a whole and may see a decrease if companies do in fact move towards outsourcing more and using machinery and robotic concept to replace workers. We see a reduction in poverty in areas with lower populations, with a higher density of jobs and opportunity for growth, compared to higher populated areas such as Cook county where work would still be limited, and we would see a large reduction in workforce due to employment cuts. b. Raising the minimum wage would reduce crime. According to a 2013 study by Boston College economists, increasing the minimum wage leads to reduced employment which leads to an increase in thefts, drug sales, and violent crime. Their results indicate that crime will increase by 1.9 percentage points among 14-30-year-olds as the minimum wage increases. [Researchers found that between 1977 and 2012 increases in the minimum wage resulted in no significant change in the rates of violent crime or property crime Transition: In reality, just like any sort of controversial topic within society whether its minimum wage, abortion rights etc. we will constantly be hit with cause and effects and both sides seeking answers and solutions. III. Conclusion A. Thesis/Summary majority of us have had a job at some point in time and realize how much it sucks to make minimum wage, and most of why were here is to one day make real money and grow our incomes by becoming educated. I know that raising the minimum wage doesnt help any of us long term and has no long or short term positive effects that are substantial enough to implement it into society anytime soon. B. Memorable Close Although we all have different backgrounds and have different viewpoints from each other, we all are in the same boat. We are here, at Illinois State to get away from living low income lives and educating ourselves to get the jobs we are working hard to get and earn the pay we deserved. Majority of us will remember and tell our kids our minimum wage first jobs, and how we got to where we are, but if we said we werent able to have jobs because of the competition and skill required, our story of success wont sound nearly as interesting or fun to tell later on.