Minimum Wage Discussion - Assignment Geeks

Description

Write a 8 sentence response to the following. “It is a good to increase the minimum wage to $15 an hour in California“.

Be sure, to analyse the topic from an economic perspective. Outline the pros and cons, as well as provide an explanation of prices acting as a signal and incentive in the in the labor market.

Also, include at least one graph of the labor market (draw/attach with explanations) that explores this topic from the market perspective. This graph should be drawn with the demand and supply of labor to outline how the minimum wage affects the market outcomes.

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