Question: Can you please help me with my assignment. Minimum wage and price floors | Microeconomics | Khan Academy https://youtu.be/j0c2vmFGbtk John Stossel - Real World Effects

Can you please help me with my assignment.

  • Minimum wage and price floors | Microeconomics | Khan Academy https://youtu.be/j0c2vmFGbtk
  • John Stossel - Real World Effects Of Minimum Wage https://youtu.be/Z0xVojIYA-o
  • The Faces of <5 for more perspectives on a $15 minimum wage. https://facesof15.com/

  1. Based on the videos, the readings and any additional research you decide to do (remember to cite and reference all your sources) what you do think will be the market impact(s) of the proposed increase in the federal minimum wage to $15 per hour?
  2. Will the proposed increase help workers? And if so which part(s) of the labor market will be helped?
  3. Which part(s) of the labor market will hurt by the proposed increase? How will they be hurt?
  4. What will happen to the prices of goods and services produced with minimum wage labor?
  5. What is your conclusion? Is this proposal a good idea or not? Explain why.

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