Question

Find three recent scholarly articles concerning proposals to increase the minimum wage in the United States. Using a supply, demand and, in this case, price floor analysis similar to what you did for the rental unit price ceiling, for this assignment write a 3 to 5-page analysis, based on sound economic principles, of the proposal.

Answer 1

Gradually raising the minimum wages to $ 15 would be good for workers,good for buisness and good for the economy also.

As per the recent article concerning proposal to increase the minimum wages in the united states is fare because for working person dererves a good good job ,affordable health care facility , good wages and good retirement policy. To research on this EPI conducts research and analysis on the economic status of working America.

* A national $ 15 minimum wages by 2024 is an corrective to ensure thatlow wage workers share the benifits of enonomic growth.

* Minumum wages workers, and low wages workers generally ,are mostly adults also disappointed women.

* Workers in every region of the country inthis country will soon need $ 15 per hour to maintain a modest but adequate living standard.

* The bulk of recent economic research on the minimum wages ,as well as the best scholarship ,established thet prior increase have meaning fully raised the pay of low wages workers.

David cooper has estimated thatraising the minimum wage to $ 15 by 2024 would lift the pay about 40 million workers, or may 27 % of the eligible workforce.Affected wokers will raise there earning near about $3000 a year.this is enough to change the life style of this type of people.

Managarial economics and demand analysis is when listing to another employee or customer it is important to be an active listener .Here are some obstacles you might have to overcome.

Filters and Assumptions

Biases and Prejudices

Inattention and Impatience

Surrounding environment

Maximum price ceiling refers to price ceiling refers to price floor.In many market for goods and servuces,demanders outnumber suppliers.Consumers,who are also potential voters,sometimes unite behind a political proposal to hold down a certain price.In some cities,such as Albany renters have pressed political leaders topass rent controll laws, aprice ceiling that usually works by stating that rents can be raised by only certain renters

In many markets for goods and services,demanders outnumber suppliers.Consumers ,who are also potential voters ,sometimes unite behind a political proposal to hold down a certain price.In some cities renters have pressed political leaders to pass rent controlln laws,price ceiling that usually works bt stating that rents can be raised by only a certain maximum percentage each year.

Price ceiling refers to the maximum price of a commodity lower than equlibrium price at which the seller can legally sell their products.

Wages and prices do mot adjust quickly to restore general

Equlibrium is property of classical property

Keynesian property

Monetaory economics

Supply side economics

wages and prices do not adjust quickly to restore generalequilibrium is a property of Keynesian economic.