Question: What are the economic costs and benefits associated with increasing the minimum wage to $15/hour....

Question:

What are the economic costs and benefits associated with increasing the minimum wage to $15/hour. Consider any important non-economic factors in your arguments.

Draft the memo from ONLY ONE of the following perspectives:

You work as an economic analyst at a conservative think tank and your

manager wants you to submit a memo to him opposing the increase in the federal minimum wage. He needs it to help him prep for his participation on Fox News later that week.

You work as an economic analyst with the NJ State Dept. of Labor and your supervisor is ordered into an urgent meeting with her bosses to discuss the merits of increasing the state minimum wage. She wants you to write a memo outlining the key reasons for increasing the minimum wage.

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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