Answer Coursework Questions: Consumer Price Index (Coursework Sample)

Assignment #4
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Assignment #4
1 (A) About 3.3 percent earned wages below the federal minimum wage in 2015.
(B) The first federal minimum wage per worker was $0.25 per hour.
(C) The United States current labor force contains 324 million people.
(D) - Age – minimum wage workers are mostly young people below the age of 25 years
1 Gender – women population are among the most workers earning minimum wage.
2 Race – major race groups earn a minimum wage.
3 Education – individuals with low education levels (not having high school levels) earn the federal minimum wage or below.
4 Marital status – young and not married individuals earn below or equal to minimum wage.
5 Full and part – time – part time workers earn minimum wage.
6 Occupation – individuals in the service occupation mostly earn the minimum wage.
7 Industry – workers in the leisure and hospitality industry mostly earn the minimum wage.
8 State of residence – Most of workers in the south states earn wages below or equal to minimum wage.
(E) The workers earning minimum wage in 2014 were higher (3.9%) compared to 2013 (3.3%).
(F) Workers earning minimum wage in 1979 were higher (13.9%) than 2014 (3.9%).
2 The minimum wage per annum in;
1 France = €1466.62
2 Ireland = €1546.35
3 Germany = €1440
4 Spain = €764.40
5 United Kingdom = €1343.01
6 United States = € 1554.28
3 (A) About 6 countries ...