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10 pages/≈2750 words
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Level:
APA
Subject:
Mathematics & Economics
Type:
Math Problem
Language:
English (U.S.)
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Piecework & Working for the minimum wage. Problem solving paper (Math Problem Sample)

Instructions:

solve problem in excel
1.Piecework (Exercise 4.7.8 from the textbook)
In the 1880s many young women in large cities worked at home sewing clothing. They were paid by the piece, hence the name “piecework” for this type of labor. A pants stitcher would finish a pair of pants, putting in canvas for the pockets and waistband linings, and would receive 12.5 cents per pair of pants finished. She could generally finish 16 pairs of pants a week, working from 8 am until dark. [You can read more about this on the web at historymatters.gmu.edu/d/5753/ ]
What was her hourly rate of pay in 1880? What assumptions did you make about working hours per week: How many hours per day? How many days per week?
Convert her 1880 wages to current (2019) wages.
Compare her hourly rate to the current minimum wage.
2.Working for the minimum wage (Exercise 4.7.22 from the textbook, plus commentary) 

Figure out the annual income in 2019 dollars for someone who worked at a minimum wage job 40 hours/week for 50 weeks in 1975.
Compare that income to the annual income of someone working the same hours and weeks at the minimum wage in 2019.
What do you think is a fair minimum wage? Should it be different for different states or cities, reflecting their cost of living?
EXTRA: Which of the states, counties, cities, or companies in the US do you think have a fair minimum wage, based on information presented at https://www(dot)businessinsider(dot)com/minimum-wage-2019-state-map-2018-12 ? How reliable is this source?
EXTRA: Which states/counties do you think pay teachers fairly? What do you think constitutes fair pay? How did the in-class exercise and discussion “Budgeting and Cost of Living” affect your conclusions about this?
Resources:
Inflation calculator http://www(dot)bls(dot)gov/data/inflation_calculator.htm
CPI http://inflationdata(dot)com/inflation/consumer_price_index/historicalcpi.aspx?reloaded=true
Cost of living calculator http://inflationdata(dot)com/inflation/Cost_of_Living/Cost_of_Living_Calculator.asp
Minimum wage in US http://www(dot)dol(dot)gov/whd/minwage/chart.htm
Minimum wage to afford rent https://reports(dot)nlihc(dot)org/sites/default/files/oor/2BDR_HOUSING_WAGE-MAP.pdf
Teachers can’t afford to buy a house http://www(dot)pbs(dot)org/newshour/rundown/report-finds-home-ownership-reach-many-teachers-nationwide/?utm_source=facebook&utm_medium=pbsofficial&utm_campaign=newshour

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Content:

1 Piecework (Exercise 4.7.8 from the textbook)
In the 1880s many young women in large cities worked at home sewing clothing. They were paid by the piece, hence the name “piecework” for this type of labor. A pants stitcher would finish a pair of pants, putting in canvas for the pockets and waistband linings, and would receive 12.5 cents per pair of pants finished. She could generally finish 16 pairs of pants a week, working from 8 am until dark. [You can read more about this on the web at historymatters.gmu.edu/d/5753/ ]

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