Question: Read Should the Minimum Wage Be $15 an Hour? on pages 120 - 121 in the text. Based on the videos, the readings, and any
Read Should the Minimum Wage Be $15 an Hour? on pages 120 - 121 in the text. Based on the videos, the readings, and any additional research you decide to do (remember to cite and reference all your sources), what will be the market impact(s) of the proposed increase in the federal minimum wage to $15 per hour? Will the proposed increase help workers? Moreover, if so, which part(s) of the labor market will be helped? Which part(s) of the labor market will be hurt by the proposed increase? How will they be hurt? What will happen to the prices of goods and services produced with minimum wage labor? What is your conclusion? Is this proposal a good idea or not? Explain why
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