How does the effect of increasing the price of labor differ


Discussion Board

Read Dollars & Sense Real World Macro Article By Arthur MacEwan. Write a discussion post responding to the following questions:

• Think about workers' productivity, will it change if they face higher wages? How about inflation? At the end, will well-being improve with higher minimum wage? Are there other aspects that can impact this effectiveness of minimum wage on workers' productivity and well-being?

• Should the minimum wage be higher than $15/hour? Or lower instead? Should the minimum wage be implemented across the nation? What about differences across States? Should richer States apply higher minimum wage? If so, would that be fair?

• According to MacEwan, how does the effect of increasing the price of labor differ from the effect of increasing the price of cars or tomatoes?

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How does the effect of increasing the price of labor differ
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