Tag: economic downturn
![The,Great,Depression,Unemployed,Men,Queued,Outside,A,Soup,Kitchen](https://crr.bc.edu/wp-content/uploads/2023/01/shutterstock_238058275-1536x1244.jpg)
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…
![minimum wage text](https://crr.bc.edu/wp-content/uploads/2021/11/min-wage-app-art.png)
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…