Do you think that minimum wage laws affect overall poverty? Explain.

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Rahul Sunny answered 1 month ago

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Based on the readings, do you think that minimum wage laws affect overall poverty? Explain.

Do you think that a price floor such as a minimum wage will result in a...

Do you think that a price floor such as a minimum wage will result in a surplus of labor and hence unemployment? Please be super detailed, I'm not the best at understanding the stance I'm asked to take.

Minimum wage laws are usually defended as a way to reduce poverty among low skilled workers.

Minimum wage laws are usually defended as a way to reduce poverty among low skilled workers. Do you think it reduce poverty among all low skilled workers? Might it increase poverty for some workers? Explain.

For this Discussion, you will research the minimum wage laws. Your response must include a discussion of both the advantages and disadvantages of minimum wage laws.

For this Discussion, you will research the minimum wage laws. Your response must include a discussion of both the advantages and disadvantages of minimum wage laws.For example, you might consider these differing perspectives as you approach your research:Perspective One: The U.S. Department of Labor has imposed a minimum wage since 1938. Most states mandate minimum hourly wage rates, too. Minimum wage legislation inhibits an employer from setting wage rates below the directed amount. Although the goal is to help workers,...

Compare the effects of the minimum wage in states with minimum wage laws significantly different from...

Compare the effects of the minimum wage in states with minimum wage laws significantly different from the national minimum wage.

One problem with the use of minimum wage as an anti poverty measure is that minimum...

One problem with the use of minimum wage as an anti poverty measure is that minimum wage increases are A) tend to result in lower wages of workers receiving higher pay B) this directly increases the wages of most us workers and the cost of such widespread increase is prohibitive to firms C) are often received my workers in households that are well above the poverty line D) generally lower prices of goods produced by low wage workers

Minimum wage laws, labor unions, and the efficiency wage theory may explain the presence of above-equilibrium...

Minimum wage laws, labor unions, and the efficiency wage theory may explain the presence of above-equilibrium wages in a free market (Mankiw, 2018, pp. 390-391). Explain how each phenomenon leads to above-equilibrium wages. Note that the description provided on the textbook is rather short. You may need to conduct additional research by going back to some previous chapters or conducting research outside our textbook. Do you best to apply each of situations you may be familiar with or may have...

In 4 paragraphs explain how the us minimum wage an effective anti poverty program?

Why do minimum wage laws in Italy and Spain result in a greater prevalence of workers...

Why do minimum wage laws in Italy and Spain result in a greater prevalence of workers being hired in unreported jobs "off the books" than do minimum wage laws in the United States? Workers in these countries prefer short-term employment contracts. The minimum wages in these countries are so low that workers typically feel they have to accept more than one job. The minimum wages in these countries are so far above the equilibrium wage that they have generated significant...

Minimum Wage Laws: The current federal minimum wage is $7.25. However, we have a wide variety...

Minimum Wage Laws: The current federal minimum wage is $7.25. However, we have a wide variety among laws enacted by the states across America. Take a look at this link https://www.dol.gov/whd/minwage/america.htm It is one the largest unresolved debates in Economics. On the one hand, the minimum wage creates a surplus of labor and creates more unemployment (often for the most unskilled labor). On the other hand, it provides a minimum sustainable living wage to people who have no chance of...

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