Economics
Increasing the Minimum Wage to Benefit Low Wage Workers Discussion

Question Description

I don’t know how to handle this Economics question and need guidance.

  • Watch: “Stossel on the Minimum Wage”Stossel: Minimum Wage Hurts Beginners (Links to an external site.)Stossel: Minimum Wage Hurts Beginners
  • Post your response to the following: Do you agree with the following statements? Using positive and normative reasoning, carefully explain why or why not. Be sure to identify whether you are using positive or normative reasoning in your response. (Part of your score will be determined by whether you understand the difference between normative and positive reasoning)
  1. Increasing the minimum wage is the fairest way to benefit low wage workers.
  2. Increasing the minimum wage is the most economically efficient way to benefit low wage workers.

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Final Answer

please find the attached file. i look forward to working with you again. good bye

Running head: MINIMUM WAGES

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Minimum Wages
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MINIMUM WAGES

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Increasing the minimum wage is the fairest way to benefit low wage workers.
Positive reasoning: Increasing the minimum wage is not the fairest way to benefit the low wage
workers. An increase in low wages will reduce the increase in demand for labor. Some
employees will lose their j...

chemtai (24027)
UT Austin

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