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Pages:
1 page/≈275 words
Sources:
4 Sources
Level:
APA
Subject:
Mathematics & Economics
Type:
Research Proposal
Language:
English (U.S.)
Document:
MS Word
Date:
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Topic:

Economics Project Proposal: Raising the Minimum Wage and Unemployment (Research Proposal Sample)

Instructions:

You need to help me come up with an economic problem that exists now. I need you to write a summary of this problem. My final project probably will be this problem. I will upload the specific instructions

source..
Content:


Economics Project Proposal: Raising the Minimum Wage and Unemployment
Name
Institution
Date
Introduction
Recently, President Trump implemented tax cut bill, he has touted benefits to workers as companies have signaled their willingness to raise wages. Prior to this, it is the Democrats who mostly supported higher Federal minimum wage levels preferably $ 15. There are regional variations on minimum wage policies adopted, with high cost states, mostly passing higher minimum wages, but even legislators have different priorities depending on whom they believe benefits from higher minimum wages. There are also controversies on employment estimates adopted when studying effects of minimum wages as researchers adopt different approaches (Allegretto et al., 2017). The most common arguments against raising minimum wages is that it would increase unemployment to those who most need a source of income and increase the cost of doing business.
What is the impact of minimum wage increase on unemployment?
The independent variable is the wage and the dependent variable is unemployment and poverty and this information will be obtained from the Current Population Survey (CPS) - Census Bureau.
Literature review
According to David, Manning & Smith (2016) increasing the minimum wage levels was associated with growth in

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