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- Support a higher minimum wage. Analyze the challenges that this will be for households, firms, and the government depending on the side that is chosensuppose the eeoc uses a job-scoring system and determines that the wage rate for a secretary is $50 per hour, while the competetive labor market wage rate is $10 per hour. What would be the effect of such a comparable worth law?does imposing a living wage have the same outcome as a minimum wage?
- Who does federal minimum wage help and who does it harm? Does raising the current level of the minimum wage increase unemployment, drive business away, or harm the very poor? Will a higher minimum wage raise the standard of living and buying power of the wage earners?Compare and contrast the impact of a minimum wage law vs. a cash transfer program in the labor market. Show the difference using a supply and demand model.what would happen if Governments increase the level of welfare payments.
- Will the TRAIN law lessen or worsen poverty and income inequality in the country of Philippines? How will the Filipino people benefit from the TRAIN Law?Why should there be a minimum wage?What impacts does having a national minimum wage have on employee salaries, benefits, recruiting, hiring, or union organizing?Does national minimum wage have inflationary impacts? What would a national minimum wage look like if implemented ( A blanket wage as it exists today or based upon a living wage based upon a geographic area or city)?According to the Heritage Foundation report, what are two possible negative effects of an increase in the minimum wage