Increasing Minimum Wage

View the two videos abovehttps://youtu.be/j0c2vmFGbtk https://youtu.be/Z0xVojIYA-o and videos 1 https://www.youtube.com/watch?v=4oj_lnj6pXA&feature=youtu.be , 2 https://www.youtube.com/watch?v=5XTOPV1LixM&feature=youtu.beand 7 https://www.youtube.com/watch?v=ZrNKHCCVfB8&feature=youtu.be under the Week Two Videos. You may also wish to view the other videos for a deeper understanding of price controls.

Visit The Faces of <5 https://www.facesof15.com/ for more perspectives on a $15 minimum wage.
Read Chapter 6 in your textbook in careful detail. Pay close attention to the graphs in Figures 1 – 5. Focus on Figure 5 in particular. You may also wish to review the CBO Report
CBO Report – Alternative Formats
on employment and income impacts of an increased minimum wage.
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 you do think 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? And if so which part(s) of the labor market will be helped?
Which part(s) of the labor market will 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.
Post your views to the discussion board and refer to at least two different concepts from this week’s Chapters. Your illustration of concepts MUST include an explanation why you think they are are relevant to the week’s topic using specific information from the articles, videos and other research that you have done.

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