ECON 120 Macro Economics Effects of Raising Minimum Wage Questions
Question Description
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I’m working on a macro economics question and need the explanation and answer to help me learn.
Please watch the below videos and answer all of the discussion questions:
The minimum wage: does it hurt workers? | The Economist (Links to an external site.)
Economist explains pros, cons of raising federal minimum wage to $15 (Links to an external site.)John Stossel: Minimum Wage Hurts Beginners Links to an external site.
Jacob Clifford: Minimum Wage-Real Econ LifeLinks to an external site.
What are the positive aspects to raising the minimum wage?
What are the negative aspects to raising the minimum wage?
In your opinion, which side has more basis for merit and why?
Perform an internet search. What is the minimum wage for San Diego? Do you believe the higher minimum wage in San Diego has lifted people out of poverty? Why or why not?
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