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Which equation is correct?
Federal Minimum Wage
The lowest legal hourly wage that an employer can pay to workers in the United States, set by federal law.
Poverty Problem
A social issue involving a lack of financial resources that is enough to meet the basic needs such as food, clothing, and shelter.
Child Poverty Rate
The percentage of children living in households with an income below the poverty threshold defined by national standards.
2007-2008
The period marked by the global financial crisis, beginning with the collapse of the housing bubble in the United States and leading to a worldwide economic downturn.
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