A short time later, the production workers won a new 3-year union contract that granted them an immediate 40 -per-hour wage increase, plus an additional 25 -per-hour wage increase in years 2 and 3. Assume that in future years, a 25 -per-hour wage increase will be granted. (a) By how much does the present worth of replacing one production employee increase? Assume an interest rate of 8%, a single 8-hour shift, and 250 days per year. (b) What are the ethical issues of replacing workers with advanced technologies from the firm’s, the workers’, and society’s perspective?
A short time later, the production workers won a new 3-year union contract that granted them an immediate 40 -per-hour wage increase, plus an additional 25 -per-hour wage increase in years 2 and 3. Assume that in future years, a 25 -per-hour wage increase will be granted. (a) By how much does the present worth of replacing one production employee increase? Assume an interest rate of 8%, a single 8-hour shift, and 250 days per year. (b) What are the ethical issues of replacing workers with advanced technologies from the firm’s, the workers’, and society’s perspective?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A short time later, the production workers won a new 3-year union contract that granted them an immediate 40 -per-hour wage increase, plus an additional 25 -per-hour wage increase in years 2 and 3. Assume that in future years, a 25 -per-hour wage increase will be granted. (a) By how much does the present worth of replacing one production employee increase? Assume an interest rate of 8%, a single 8-hour shift, and 250 days per year. (b) What are the ethical issues of replacing workers with advanced technologies from the firm’s, the workers’, and society’s perspective?
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