What factors could explain the percentages

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Reference no: EM133782953

Homework: Psychology

Introduction

This homework requires you to analyze data selected from the article Characteristics of Minimum Wage Workers, 2018 (U.S. Bureau of Labor Statistics, 2019).

General Education Competencies:

Complete the following steps:

Step I: Open and carefully review the attached document. Refer to Table 6 on page 3 of the document. This table shows the numbers (and percentages) of hourly workers who earn at or below minimum wage at various levels of education.

Step II: Using the information found in Table 6, answer the following questions:

A. The table highlights the impact of education on wages. According to the table, what percentage of people with an Associate Degree earn at or below minimum wage?

B. What percentage of people with a Bachelor's Degree earn at or below minimum wage?

C. What factors could explain these percentages?

D. According to the table, what is the relationship between educational attainment and the percentage of hourly workers who earn at or below minimum wage?

E. Use the Federal Minimum Wage chart (page 2 of the attached document) to answer the following questions:

F. What is the mean of the minimum wage rates in the 1980s? 1990s? 2000s?

G. What is the range of the minimum wage rates from 1979 until 2009?

H. What is the median of the minimum wage rates from 1979 until 2009?

Reference no: EM133782953

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