Explain the characteristics of an "effective" minimum wage. What is the argument for the minimum wage?...

Explain the characteristics of an "effective" minimum wage. What is the argument for the minimum wage? What is the argument against the minimum wage?

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Rahul Sunny answered 2 years ago

Is the US Minimum Wage an Effective Antipoverty Program? Explain in 4 paragraphs.

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

Is the minimum wage a living wage? Under what circumstances would a minimum wage be a...

Is the minimum wage a living wage? Under what circumstances would a minimum wage be a nonbinding price floor? Under what circumstances would a living wage be a binding price floor? Should the government enforce a minimum wage? Should the government implement a living wage?

What are the characteristics of effective managers and effective leaders?

What is the equilibrium wage rate in an unregulated market (no minimum wage)?

Wage rate (dollars per hour) Labor supplied (millions of workers) Labor demanded (millions of workers) 11 7 1 10 6 2 9 5 3 8 4 4 7 3 5 What is the equilibrium wage rate in an unregulated market (no minimum wage)?

Explain under how and what condition minimum wage could be pareto improving?

What is your opinion of the minimum wage? Is it too high or too low? Explain....

What is your opinion of the minimum wage? Is it too high or too low? Explain. If the current minimum wage is above what the market would ordinarily bear (equilibrium wage in that market), and there is a proposal to raise the wage, explain the economic effects of the proposal on wages, employment, product prices and costs of the products the minimum wage labor produces (a graph may be useful here). How important is the assumption of the proposed wage...

What is the BENEFIT to low wage workers (workers whose wage is near the minimum wage)...

What is the BENEFIT to low wage workers (workers whose wage is near the minimum wage) of raising the minimum wage?

Define a price floor. Explain what problems are created. Explain why the minimum wage could be...

Define a price floor. Explain what problems are created. Explain why the minimum wage could be considered a price floor. What are the consequences of raising the minimum wage? Investigate two other aspects of raising the minimum wage: the ripple effect and stealth tax and explain how they would affect raising the minimum wage. Can economists say definitively that the minimum wage should be raised? Why or why not?

What kind of price control in minimum wage? What is the rationale for imposing the minimum...

What kind of price control in minimum wage? What is the rationale for imposing the minimum wage? What are the “economic” problems created by this government policy of setting a minimum wage? Show graphs to support your argument. Also, state what is the federal and state minimum wage in US and NY. Is this the same as livable wage?c

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