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Essay

Minimum Wage Impact

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Carmen R

 

Date added:

July 5, 2013

 

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Grade:

A

 

No of pages / words:

11 / 2991

 

Was viewed:

8477 times

 

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Essay content:

The numbers suggest the answer lies somewhere in between. Increases in the minimum wage sometimes have been followed by dramatic spikes in the nation's unemployment rate, as was the case in the early 1980s, as well as lulls or even decreases in unemployment, as happened in the late 1990s. Contrary to its more recent stagnation, the minimum wage increased almost annually in the 1960s and 1970s, hitting an inflation-adjusted high of $1...
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Bureau of Labor Statistics. During the 1970s, seasonally adjusted unemployment varied wildly, from 3.9 percent in January 1970 to 8.1 percent in 1975 and then back down to 5.9 percent in 1979. The wage grew to $3.35 an hour in 1981, but would not budge from there until 1990. Following the 1981 increase, national unemployment hit its highest rate since the Depression...
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General issues of this essay:
Effects Of The National Minimum Wage On Unemployment And Inflation How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come? Minimum Wage Increase has a Maximum Impact Minimum Wage Legislation The effect of the minimum wage has on unemployment Change in Federal Minimum Wage IMPACT OF RAISING THE MINIMUM WAGE IN SOUTH DAKOTA Minimum Wage Impact Minimum Wage Minimum Wage Minimum Wage minimum wage minimum wage Should Minimum Wage Be Increased? The Federal and State Minimum Wage Growth, and Inflation
 

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