Explore BrainMass
Share

Explore BrainMass

    economics

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles.

    © BrainMass Inc. brainmass.com October 10, 2019, 1:20 am ad1c9bdddf
    https://brainmass.com/economics/poverty/economics-330161

    Solution Preview

    Disagree.

    Let us say that if there is no min. wage, then supply and demand determines that Q workers should be hired at $P/hour.

    And now, government imposes a min. wage.

    If the min. wage is less than or equal to $P/hour, then it ...

    Solution Summary

    economics

    $2.19