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Hoovervilles sprang up in the nations cities

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Q: What was one effect of the wage cuts and unemployment of the 1930s?
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What was one effect on wage cuts and unemployment of the 1930?

Hoovervilles sprang up in the nations cities


During the depression wage cuts and unemployment eventually affected who?

All levels of society.


How does unemployment effect insurance industry?

Unemployment insurance can increase the reservation wage, causing insurance prices to go higher. It makes the insurance industry overall weaker.


If the minimum wage is set above the market wage the?

Unemployment will rise.


What is the 2011 federal unemployment wage limit?

7000.00


How do unions affect the natural rate of unemployment?

Unions may affect the natural rate of unemployment via the effect on insiders and outsiders. Because unions raise the wage above the equilibrium level, the quantity of labor demanded declines while the quantity supplied of labor rises, so there is unemployment.


What has the author John P Formby written?

John P Formby has written: 'Minimum wages and poverty' -- subject(s): Poverty, Poor, Government policy, Unemployment, Effect of wages on, Minimum wage, Wage-price policy, Employment


How might a law setting minimum wage below the equilibrium point have an unintended effect?

A law setting the minimum wage below the equilibrium point might have an unintended effect that could lead to unemployment. It also prevents poor families being able to better their conditions and thus increases poverty.


What problems did the mill girls fsce in Massachusetts?

wage cuts


Who is responsible for the minimum wage and unemployment in US?

george w. bush


Can unemployment garnish your wages for a past overpayment?

how can I stop a wage garnishment


WHAT ARE your thoughts about minimum wage legislation?

All economists agree that min wage laws assure youth unemployment, low-skill worker unemployment, and thus young black and Hispanic unemployment. Yoots who WOULD get hired at wage rates lower than the min wage, are not worth hiring at the mandatory floor rate, so employers insist on skill or experience at min wage jobs. I also think min wage no big deal, since only 1 million US workers in an employed workforce of 140 million earn min wage.