What do you consider livable wage today in spiraling economy


Discussion Post

Read the following article: "Minimum wage hikes in three states, 21 localities to aid low-paid workers slammed by Covid-19" by Paul Davidson the answer the questions.

o How does the minimum wage increase in California to $15.00 by 2022 affect laborers and businesses amid the COVID-19 pandemic?

o Is there a better way to compromise on a minimum wage? What should the wage be today?

o What do you consider a 'livable wage' today in a spiraling economy, and how would you calculate that wage?

o What is the opportunity costs of keeping wages at the same level as the federal government ($7.25 per hour)?

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

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Microeconomics: What do you consider livable wage today in spiraling economy
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