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.
The response to this question is not as straightforward as it might seem. Consider the poverty level; consider who might actually be impacted by a minimum wage increase. I would also like you to consider your answer from a business perspective. Do you think an increase in the minimum wage will impact your cost structure and the ability to run your business?
Your grade will be determined based upon the answer to the posted question and the additional areas I have asked you to consider.