Economics Homework Help

Read the article above and based on your reading and your knowledge gained from this course, provide the following in the sequence indicated:

• Clearly state the issue and briefly describe the most important factors to be examined in this decision. Explain why you are focused on these particular factors – why do you think they are the most important things to consider?
• Present your evidence supporting both sides of the issue and provide the citations necessary so that your reader can return to your source material to verify your findings. Do not ‘cut and paste’ – present these arguments in your own words. Clearly identify any positive evidence you find and distinguish that from any normative evidence. (For an explanation of positive vs. normative evidence, see this video from Khan Academy (Links to an external site.)).
• Identify the assumptions made in the arguments made on both sides of the issue – for example, why might someone argue that the demand for entry-level fast-food workers is inelastic? Do you identify any biases in your evidence?
• Given all the above, what is your position on raising the minimum wage to $15 nationwide? Do not limit yourself to saying, ‘I support/don’t support this policy proposal.’ Rather, explain and defend your position, adding any caveats or other considerations to your answer. This is also a chance to be creative – do you have a proposal of your own that addresses some or all of the concerns of both sides?