Give a positive and a normative argument about why a business leader would oppose raising the...

Give a positive and a normative argument about why a business leader would oppose raising the minimum wage. Give a positive and a normative argument about why a labor leader would favor raising the minimum wage.

Expert Solution

Positive argument indicates that what the situation actually results into

Normative argument indicates that what the situation should result into.

In the given situation,

Why a business leader would oppose raising the minimum wage?

Positive argument: It will lead to the increased cost and decreased profit for the firm. Also, increasing minimum wage will force the firm to cut the number of workers so it will cause unemployment for some persons also.

Normative argument: It deals with the appropriate weights for these outcomes. How much unemployment can happen due to this. What might be the solutions for these? These all are included in the normative argument

Why a labor leader would favor raising the minimum wage?

Positive argument: It will lead to the increased pay of the workers and they will concentrate on their work better and will lead to a greater efficiency and it will lead to greaters return for the firms as workers engaged will work harder and so it will lead to boost economy.

Normative Argument: How much work hours are to be decided for the wage?

What minimum wage fulfils the basic requirements of the workers?

Rahul Sunny answered 1 year ago

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