Economics
Increase in Minimum Wage for Employees Discussion

Question Description

I need help with a Management question. All explanations and answers will be used to help me learn.

  • 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

https://www.youtube.com/watch?v=A02ciYFzTHw

https://abcnews.go.com/2020/Stossel/story?id=8195418&page=1

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Final Answer

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Running head: INCREASE IN MINIMUM WAGE FOR EMPLOYEES

Increase in Minimum Wage for Employees
Name
Institutional affiliation

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INCREASE IN MINIMUM WAGE FOR EMPLOYEES

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These questions can be viewed either with positive or normative reasoning. The positive
approach, which is more scientific and realistic examines the reality and hard facts, while the
normative argument encompasses value judgment, prejudice, and under-conceived notions.
This question brings around value judgments and perceptions of a person. It is factual
that if a minimum wage is enacted, then more workers will be jobless. The unemployment rates
will increase. Employers will experience difficulties in choosing who to stay and who to live. It
will be so unfair to workers that will be laid off.
Moreover, mos...

CarterT (4339)
Purdue University

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