Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Macroeconomics Expert

Assignment: The Living Wage

As an alternative to the minimum wage, some localities have instituted a "living wage" requirement in which employers must pay a wage designed to ensure low-wage workers and their families can live above the poverty level. However, this effort has met with stiff resistance from some interest groups, and generated considerable debate among economists about whether the living wage ordinances are the best form of government intervention to help low wage workers. Your assignment this week is to respond to the key questions below.

Key questions:

What specifically do "living wage" ordinances call for?
How is the "living wage" different from the "minimum wage?"
Who is helped, who is hurt by a living wage requirement?
What underlying data is used to justify a living wage requirement?
What are the long run impacts of a living wage requirement?

For overall arguments in favor of the living wage see the liberal think tank Economic Policy Institute (search for living wage) at: http://www.epinet.org/

For overall arguments against the living wage see the conservative think tank National Center for Policy Analysis (search for living wage) at: http://www.ncpa.org/

For more technical economic research opposing the living wage see the Employment Policies Institute at: http://www.epionline.org/index_lw.cfm

For legal research in favor of the living wage see the Brennan Center for Justice at: http://www.brennancenter.org/

Other articles (for and against)

"Perspectives on a Living Wage" at: http://www.pbs.org/pov/pov2006/wagingaliving/special_goodman_la.html

Organizations working in favor of the living wage:

Universal Living Wage Campaign: http://www.universallivingwage.org/
Living Wage Resource Center (Acorn): http://www.livingwagecampaign.org/

Your final product will be a paper that:

- Addresses each of the four questions above in total.
- Is APA fortatted.
- The body is to be 2 pages minimum.

The requirements for your assignment are:

1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three resources from this week's materials.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91962004
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Macroeconomics

Question - suppose an economy is described by the following

Question - Suppose an economy is described by the following aggregate demand and short-run aggregate supply curves. The potential level of output is $10 trillion. Aggregate Quantity of Goods and Services Price Level Dema ...

Question why might a parent company like mcdonalds or

Question: Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees? In many smaller cities all McDonald's outlets are owned by the same ...

Question - sitting on an airplane you are chatting with the

Question - Sitting on an airplane, you are chatting with the person sitting next to you. That person asks you some questions about time series and macroeconometrics. What do you say? Here are some questions: 1. What is t ...

Question a monopolist faces the following informationthe

Question: A monopolist faces the following information: The market demand: Q=300-2P The cost Structure: TC=100+50Q a) what is the profit-maximizing price-output combination and what are the levels of profits and consumer ...

Question watch the following video clip a big lift in

Question: Watch the following video clip, A big lift in consumer confidence but how much is showing through on the shop floor and answer the following questions. What has been some of the macroeconomic impacts on Harvey ...

1explain four types of unemployment2explain the advantages

1. Explain four types of unemployment 2. Explain the advantages and disadvantages of:(a) A flexible exchange rate regime (b) A fixed exchange rate regime 3. Suppose the Reserve Bank of Australia increases the interest ra ...

Question please do it by type not pic1 beginning in a state

Question: Please do it by type not pic. 1. Beginning in a state of equilibrium in our consumer equilibrium model (food is situated on the Y-axis and beverage on the X-axis). Graphically illustrate the income and substitu ...

Question topic 2 product or service offered and global

Question: Topic 2: Product or Service Offered and Global Consumption Describe the product or service including brand/logo and packaging. In addition, use the following link, and visit the globalEdge website and describe ...

Question - you are in your first semester at college and

Question - You are in your first semester at college and deciding to spend your income between textbooks and food. You have $360 for the month. Textbooks are priced at $20 and food is priced at $10. Your parents decide t ...

Question tara is considering leaving her current job which

Question: Tara is considering leaving her current job, which pays $56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants. Based on market research, she can sell ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As