Society itself has taken a toll into the economic backdrop such as inflation, unemployment, company bankruptcy, government shutdowns and reduction in work hours that have contributed in this predicament. ... "The goal of helping the working poor was also an important motivation behind the most recent legislation to increase the federal minimum wage from $5.15 to $7.25 per hour in 2007" ( Sabia and Burkhauser, 2010). ...

• Word Count: 1355
• Approx Pages: 5
• Grade Level: Graduate