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?
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?
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
1) How does Minimum wage cause unemployment?
A) Given that the effects of the minimum wage on employment
differ based on the assumptions made about labor supply and demand
(elastic vs. inelastic) and the structure of the labor market
(perfectly competitive vs monopsonistic) how can economists then
try to find the answer this question?
B) Carefully explain what methods economists could use to
explore this social issue. Evaluate the empirical evidence and data
and write your own interpretive analysis.
C)...