Effective July 24, 2009, the Federal Minimum Wage Increased to $7.25

question 21

Essay

Effective July 24, 2009, the federal minimum wage increased to $7.25 per hour (from $6.55). Use a diagram to illustrate the effect this increase would have on unskilled labor if
a. demand for labor is nearly vertical.
b. demand for labor is very elastic

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Definitions:

Andragogy

Andragogy is the theory and practice of education that focuses on the specific needs of adults, emphasizing self-directed learning, practical application, and the leveraging of existing experiences.

Pedagogy

The method and practice of teaching, especially as an academic subject or theoretical concept.

Adult Learner

An individual engaged in the learning process who is beyond traditional college age and often has responsibilities such as work and family.

Informal Learning

Education that occurs outside the formal academic environment, such as learning through life experiences, work, and social interactions.