Give a positive and a normative argument why a business leader would oppose raising the minimum wage. Give a positive and a normative argument why a labor leader would favor raising the minimum wage.

ANALYZE the issue

Note that this assignment is worth more points than the other assignments, so it is very important that you complete it.

For this assignment, you are required to write a short essay (1 – 3 pages). It is strongly recommended that you go beyond the textbook and consider some of the elements that we discussed in class. For example, what evidence can you point to with respect to the experiences of countries beyond the USA? Properly cite any outside sources that you use (APA style). It is expected that you will write at a level appropriate for undergraduate students of economics. “Bullet point answers” will not be considered sufficient. Refer to the “Critical Thinking” grading rubric posted to the BlackBoard site, to understand how points will be awarded.

1. Identify two positive and two normative statements given above concerning raising the minimum wage. List other minimum-wage arguments not discussed above, and classify them as either positive or normative economics.

2. Give a positive and a normative argument why a business leader would oppose raising the minimum wage. Give a positive and a normative argument why a labor leader would favor raising the minimum wage.

3. Explain your position on this issue. Identify positive and normative reasons for your decision. Are there alternative ways to aid the working poor?