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Suppose the minimum wage was $0.25 per hour in 1938 and the CPI in that year was 11.5. If the CPI in 1990 was 130.7, what is the real value of the 1938 minimum wage in terms of 1990 dollars? The real value of the 1990 minimum wage in terms of 1990 dollars is $4.25. Has the real value of the minimum wage declined since 1938?
Cathect
To invest emotional energy into a person, object, or idea.
Transference Neurosis
A phenomenon in psychoanalysis where patients project feelings, attitudes, or desires onto the therapist that actually stem from previous relationships in their lives.
Standard Psychoanalysis
A therapeutic method developed by Freud focusing on uncovering unconscious conflicts and motivations through techniques like dream analysis and free association.
Blank Screen
A therapeutic technique where the therapist remains neutral and refrains from disclosing personal views, encouraging patients to project their feelings or thoughts unconsciously.
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