1) Write down the implications of rising minimum wage for minimum wage hourly workers? Describe how does it impact your other hourly workers? Does it make a variation if it is a percentage increase or a set dollar amount? Describe why in detail?
2) More than five years after stock market started to slide in fall of 2007, Dow Jones industrial average recovered all of ground lost in recession. Dow contains 30 stocks at any given time, but S&P Dow Jones Indexes, that now manages index, regularly eliminates companies and replaces them with the others. Altria, a tobacco company, was kicked out of index in 2008. If it had it stayed, it would have been best-performing Dow Company from peak to peak, attaining 117 percent. What was the next best performing company?