The state government is considering raising the minimum wage from 15$ per hour over the next 3 years. As an economic advisor to the governor, you have been asked to provide a recommendation on whether the minimum wage should be increased based on economic theory. Consider the labor market provided.?
Prof Double R
In response to your peers, consider their argument. Do you agree? Disagree? Are there parts of their argument that you agree with? If so, which ones? If not, which parts do you specifically disagree with? Is there something that your peer said that made you reevaluate your position a bit?