eco-dis

DISCUSSION ONE PAGE CONSERVATIVE NORMATIVE POSTION.

                                           Minimum Wage

Right now there is a lot of discussion of raising the minimum wage, perhaps to $10.10 per hour or to $12 or $15 or to some other amount. Discuss the pros and cons of market pricing versus regulated wages from an economist’s point of view. Be sure to include in your analysis the concepts of moving along versus shifting of the supply and demand curves. Defend the best labor market approach--should the minimum wage be raised or not?

 

 

MPORTANT NOTE: Because 92 percent of you said in the survey that you supported raising the minimum wage and not many have changed, in order to have more interesting discussions, students with last names starting with A to J will make the conservative normative case for not changing the minimum wage and students with last names starting with K to Z will make the liberal normative case of raising the minimum wage. I expect you to engage one another on the issues involved and to persuade the other side to join your position. We will switch roles on other questions.