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Essay Details:
Essay text:
unemployment rate has decreased from last month.
The U.S. government should increase minimum wage to $8 an hour.
Pitfalls to sound reasoning
Economics can affect us personally. We tend to have a difficult time thinking clearly or accurately. There are some pitfalls to avoid in successfully apply the economic persepctive.
Biases
Biases cloud thinking and interfere with objective analysis.
Example: Government should have more/less regulations. Lending money is always better than borrowing money.
Loaded Terminology / Definitions
Some examples of economic terminology that may be emotionally bias:
Low wages- "exploitive"
Self interest behavior- "greed"
Must be prepared to reject or discount such terminology...
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Common topics in this essay:
- Effects Of The National Minimum Wage On Unemployment And Inflation
- How has the UK Labour Government kept Unemployment at a Minimum?
- How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come?
- Minimum Wage Increase has a Maximum Impact
- Minimum Wage
- minimum wage
- minimum wage
- The effect of the minimum wage has on unemployment
- Minimum WAge
- MINIMUM WAGE
- Minimum Wage
- Minimum Wage
- Minimum Wage
- minimum wage
- minimum wage
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