Minimum Wage Regression

A detailed Summary of Minimum Wage Regression


The proposed increase in minimum wage will do a number of things to the economy. The greatest effect it has will be on inflation. There is a strong correlation between raises in the minimum wage, and raises in inflation. The effect of raising the minimum wage on employment is very little. The correlation between an increase in inflation, and an increase in unemployment is weak also.

The strongest correlation is between increases in minimum wage predicting increases in inflation. The equation for this is CPI= -25.9+38.8



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Approximate Word count = 416
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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