Under what conditions might an increase in the
minimum wage not reduce the number of low-wage jobs? How much
of a job loss is acceptable?
can you answer it by typing without graph please short
answer
Under what conditions might an increase in the
minimum wage not reduce the number of low-wage jobs? How much
of a job loss is acceptable?
can you answer this question by typing
please
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?
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.
Show graphically how an increase in the minimum wage might
affect unemployment in (i) a perfectly competetive market and (ii)
a labor market characterized by monopsony.
Many people feel the federal minimum wage of $7.25 is too low,
and a minimum wage closer to $9 is more appropriate. List three
arguments for raising the federal minimum wage OR three arguments
against raising the federal minimum wage. I would like two
arguments to be from the notes, and one to be your own argument.
Please make the case, rather than just provide bullet points.