Tag: economic downturn
The Great Depression, sparked by a devastating collapse in stocks followed by 25 percent unemployment, remains the deepest recession in U.S. history. A new study laying out the long-term negative impacts on Americans born during that time might be consequential for today’s youngest citizens – teenagers born during the Great Recession of 2008 and 2009 and toddlers…
The federal minimum wage is $7.25 an hour and hasn’t budged since 2009. But many states and some municipalities have raised their minimum wages. Today, more than half of the state minimums exceed the federal minimum. Now a new trend has emerged: 19 states have enacted or approved automatic yearly increases in their minimum wages…