(Answered) Suppose that the new administration hires you to research

Economics

Suppose that the new administration hires you to research two alternatives for hourly pay. The first is a free market where supply and demand determine hourly pay. The second alternative is where a $16 per hour minimum wage is set for all jobs. Based on what you have learned in class and at least two scholarly articles on the topic that are no more than five years old, write a 3-4 page paper in APA format examining the advantages and disadvantages of both plans. Then select the one you think is the better alternative and explain why.

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