Why Is There Recession?

A lack of company and consumer confidence causes economic recessions. Demand falls when confidence falls. A recession occurs when continuous economic expansion reaches its peak, reverses, and becomes continuous economic contraction. What causes the economic downturn? Most recessions, on the other hand, are brought on by a complex combination of circumstances, such as high interest […]

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What Should Minimum Wage Be Adjusted For Inflation?

With the enactment of the New Deal’s National Industrial Recovery Act in 1933, the first federal minimum wage was established. The ultra-right Supreme Court of the time quickly declared it unconstitutional. In 1936, President Franklin D. Roosevelt ran for reelection on the promise of continuing to fight for a federal minimum wage. In contrast, the

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