Examlex
Discuss the relative strengths and weaknesses of the U.S.economy relative to those of leading competitor nations.
Minimum Wage Law
Legislation establishing the lowest hourly rate that employers can legally pay their employees.
Income Distribution
The way in which a country's total economic output is divided among its population, or the share of national income earned by each quintile or group of the population.
Bottom Fifth
A term often used in income distribution to refer to the lowest 20% of income earners in a given population.
Top Fifth
Typically refers to the highest 20% of earners or performers in a given distribution, often used in discussions of income inequality.
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