Supply curve of groceries

Assignment Help Management Theories

Reference no: EM13967631

A significant issue in the ongoing political campaigns is raising the minimum wage to $15/hr. There is considerable debate in whether the minimum wage rate contributes to teenage or unskilled labor unemployment or if it raises expectations on employee output. Choose one side of this debate, research and develop a brief argument to support your decision.

Some questions to consider,

Who is helped and who is hurt by the minimum wage?
If employees earn more will this increase cause a shift in the supply curve of groceries? Discretionary items? Savings?
Will employers raise prices, earn less, hire fewer employees or expect greater production from the employees they have?

Reference no: EM13967631

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