Minimum wage & policy | Economics homework help

The graph shows the annual wage generated by the federal minimum wage between 1978 and 2009. The annual income is based on a 40-hour week and a 52-week year. The graph also shows the poverty threshold—the income level determined by the U.S. Census Bureau below which income is insufficient to support a family or household—for two categories of families between 1980 and 2007. page1image4055792Use the graph to answer the questions that follow.

page1image4053920page1image4055168

  1. A person earning minimum wage is probably working at a job at what skill level?
  2. Describe the level of the minimum wage over the years. What can you conclude from comparing it with the two poverty thresholds?
  3. In 2007, the poverty threshold for a family of four, two of whom were related children, was $21, 027. At the same time, the poverty threshold for a family of four, three of whom were related children, was $21,100. For each of the preceding years, the difference between these two thresholds was less than $100. What conclusions can you draw from this?
  4. 4. Do you think the minimum wage should be increased, remain at its 2009 level,
    or be eliminated? Give two reasons in favor of, and two reasons opposed to, your response, using this graph, the text, your experience, conversations with classmates who earn minimum wage, and reliable Web sites.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

STAY HOME, SAVE LIVES. Order your essay today and save 20% with the discount code ATOM