Walmart Business Cycle

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There are 4 stages of the business cycle; they are Recovery, Peak, Recession and Trough. The Recovery stage is when the economy is growing. The peak is when the economy is as robust as it can get, The Recession is when the economy is on a decline, and jobs are lost. The trough is when the economy is at its worst point and not improving or recovering. In class we have talked about what our economy and what stage it is in. Sometimes we could be in between stages or right behind a certain stage. Or right in front of a certain stage. Or that the job market or unemployment rate is increasing or decreasing. My Research made me believe that the economy is at its Recovery Stage or right between the recovery stage and recession.
In the article “What Wal-Mart’s Pay Raise May Mean for Other Workers” it talks about how employee’s pays are being raised to 9$ an hour and by Feb 1, 2016 it will be raised to 10$ an hour. …show more content…
An average pay for a retail worker is $17.29 an hour according to the Labor Department the average private-sector employee earns $24.75 an hour. The Federal minimum wage has remained stagnant at $7.25 an hour since 2009, but more than half of U.S states mandate pay above that rate. After minimum wage increases, seven states, California, Connecticut and Massachusetts have pay floors at or above 9$ an hour. Washington has the highest state minimum wage at $9.47 an

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