This displays the economic theory as to why unemployment would increase with the increase of minimum wage. It also demonstrates the equilibrium, which is where the graphs intersect.
This pie chart illustrates the fact that only a small amount of those earning minimum wage are single parents or single-earners for their family. This makes the sob story that minimum wage earners are supporting families seem a lot less relevant.
This is a humorous but good example of what happens in many small businesses when the minimum wage is hiked up again and again.
1 comment:
Great choice of topic! So many people can relate to it!
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