The Economic and Social Impact of the 1985 Minimum Wage
Words: 613 2031A thorough understanding of the minimum wage in 1985 necessitates taking into account its historical context as well as its economic effects on businesses and workers. The minimum wage in 1985 offers a useful window into the political and economic climate of the United States at that time, reflecting broader themes in labor economics. The federal minimum wage was set in 1981 by the Reagan administration, and it remained at $3.35 an hour in 1985. The rationale behind this decision […]