1. Find out who are the richest in the US and world at: www.forbes.com - choose lists, then "400 Richest Americans." Select ten individuals for study at random. List and explain your 10 individuals and explain how much wealth they each own. (Make certain that your units are correct.) How did they achieve this wealth?
C. Based on your sample, explain what percentage of individuals gained this wealth through inheritance and what percentage through entrepreneurship
2. For this question, you will be internet searching for some information on the labor market. Search the internet for information on current trends in the US Labor Markets and answer the following 2 questions:
A. Has overall employment been rising or falling during the most recent year? Based on what you learned in your text, what factors might account for this pattern?
B. Have US workers' wages been rising or falling during the most recent year?
Now you will be searching for some information on the minimum wage. Using the website, www.dol.gov or any other sites you wish to use, determine information about the minimum wage. Answer the following questions:
C. What is the current minimum wage in the U.S?
D. What is the minimum wage for workers who receive tips?
E. What is the current minimum wage for the state that you live in?
F. Why was the minimum wage law first enacted?
G. What are the arguments for and against raising the minimum wage?