Economics

Read “The Case for a Higher Minimum Wage.” Also refer to the graphic below the article showing productivity growth, the average wage, and current minimum wage proposals. Go to the Interactive exercise called, “Can You live on Minimum Wage.” Complete the exercise using your home town as your benchmark for rents and expenses. Assume that you DON’T live at home.

1. Using the textbook’s discussion of “technology as a labor complement” and “education and training,” make the argument for why the minimum wage does NOT cost jobs as is discussed at the end of the article. You must quote the text and the article once each in this answer.

2. Using the textbook’s discussion of “The Minimum Wage as an Example of a Price Floor” to make the argument for why the minimum wage DOES cost jobs as is discussed at the very end of the article. You must quote the text and the article once each in this answer.

3. Using the article and the textbook’s discussions of “living wage” laws in some cities as citations in your argument for or against “living wages” laws. You must quote the article and the textbook once each in this answer. Include your results from the “Can you live on minimum wage” exercise in your answer.

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