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Many people do not think raising the minimum wage is going to help the economy.
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∙ 10y ago
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What step did the national recovery adminstration take to restore the nations economy?
It established a minimum wage.
What is an example of how the U.S. government is involved in the economy?
It has imposed minimum wage laws.
Does Raising the minimum wage is likely to cause a shortage of people willing to work?
Yes, Now a days Inflation rate is increases very fastly but the wage rate is increases as much they should increase. The cost of every thing is rises. So the raising the minimum wage is likely to cause a shortage of people willing to work.
What is an example of economic equity?
The implementation of a minimum wage also helps increase equity in the economy. Low-wage workers not only receive equal compensation at the minimum wage, but the minimum standard of living for the employed is raised, which helps to reduce the national income gap.
The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
What actions would improve the present value of cash flows?
More small businesses. This would create more jobs in the community and help the economy get stronger. Also raising minimum wage wouldn't hurt.
What has the author William A Glover written?
William A. Glover has written: 'Assessing the impact of raising Wyoming's minimum wage' -- subject(s): Minimum wage
What step did the national recovery adminstration take to restore the nations economy?
It established a minimum wage.
Which of the following does NOT add to the cost of consumer goods and services?
raising minimum wage
Setting minimum wage is an example of enforcement of what power?
government power in an economy.
What is an example of how the U.S. government is involved in the economy?
It has imposed minimum wage laws.
Most countries around the world have some sort of minimum wage law Explain why the minimum wage may hurt workers as much as help them?
Minimum wage may hurt a worker if the rate of inflation is higher than the minimum wage.
Does Raising the minimum wage is likely to cause a shortage of people willing to work?
Yes, Now a days Inflation rate is increases very fastly but the wage rate is increases as much they should increase. The cost of every thing is rises. So the raising the minimum wage is likely to cause a shortage of people willing to work.
Would raising the minimum wage lower crime?
Econ 101. (simplified version) Raising the minimum wage rate would more likely than not, increase the crime rate. By increasing the minimum wage, employers will be able to hire fewer workers. At the macro level, fewer workers hired will net an increase in unemployment rates. As unemployment rates increase, so too do crime rates.
What is an example of economic equity?
The implementation of a minimum wage also helps increase equity in the economy. Low-wage workers not only receive equal compensation at the minimum wage, but the minimum standard of living for the employed is raised, which helps to reduce the national income gap.
Why did JFK raise the minimum wage?
He raised minimum wage to help the American people out. He wanted to make life easier for the Americans~Kim`
What step did the national recovery administration NRA take to the nations economy?
it establish minimum wage
