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Construct an argument opposing raising minimum wage

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Reference no: EM131512825

Some states and cities (such as Washington, DC) have decided to raise the minimum wage to $15 an hour over the next few years.

You have been asked by the American Enterprise Institute (a conservative think tank) to use supply-demand analysis to construct an argument opposing raising the minimum wage. Present an appropriate graph and a one-paragraph argument against raising the minimum wage.

Now the Economic Policy Institute (a left-liberal think tank) comes to you to use supply-demand analysis to construct an argument supporting the increase in the minimum wage. Present an appropriate graph and a one-paragraph argument in favor of raising the minimum wage.

Reference no: EM131512825

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