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Cover of Cabbages and Kings (1904 edition). In the 20th century, American writer O. Henry (William Sydney Porter, 1862–1910) coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings (1904), [1] a collection of thematically related short stories inspired by his experiences in Honduras, whose economy was heavily dependent on the export of ...
This primarily focuses on salary, but extends to benefits, work arrangements, and other amenities as well. Negotiating salary can potentially lead the prospective employee to a higher salary. In fact, a 2009 study of employees indicated that those who negotiated salary saw an average increase of $4,913 from their original salary offer. [36]
Such holdings gave it great power over the governments of small countries. That was one of the factors that led to the coining of the phrase "banana republic". [9] In 1933, concerned that the company was mismanaged and that its market value had plunged, Zemurray staged a hostile takeover. Zemurray moved the company's headquarters to New Orleans ...
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
What's a typical annual salary? That top-tier hourly wage of $39 amounts to just over $81,000 annually, but dockworkers can make significantly more by taking on extra shifts.
Weekly earnings increased by 19% in real terms from 1933 to 1939, [2] but this was largely due to employees working longer hours, while the hourly wage rates remained close to the lowest levels reached during the Great Depression. [3]
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