Suppose that we are debating whether or not to raise the minimum wage. You work for a politician who wants to understand both sides of the debate before he makes a decision.
1. In a few sentences (no more than 3 sentences), make the best case you can in favor of raising the minimum wage.
2. In a few sentences (no more than 3 sentences), make the best case you can against raising the minimum wage.
3. Which argument do you find more convincing, and why? There is no correct answer to this question, but you should explain your reasoning well. Answer in 3 sentences or fewer.
4. Explain, based on what we have learned up to this point, using words and graphs, why raising the minimum wage could have a larger negative effect on employment in the long run than in the short run.
Suppose that we are debating whether or not to raise the minimum wage. You work for a politician who wants to understand both sides of the debate before he makes a decision.
1. In a few sentences (no more than 3 sentences), make the best case you can in favor of raising the minimum wage.
2. In a few sentences (no more than 3 sentences), make the best case you can against raising the minimum wage.
3. Which argument do you find more convincing, and why? There is no correct answer to this question, but you should explain your reasoning well. Answer in 3 sentences or fewer.
4. Explain, based on what we have learned up to this point, using words and graphs, why raising the minimum wage could have a larger negative effect on employment in the long run than in the short run.
