The Effects of Minimum Wage From a Microeconomic Perspective

Term Paper Instructions:

Your assignment is to analyze this article using the economic models, theories, and terminology learned in this class in 4 to 5 typewritten pages (APA Format). Original graphs will appreciate your paper. The article must be included with the assignment. One may use only two additional research sources other than the primary article. One source must be your textbook. + please i need an outline first before the 10 days then continue the essay
http://smallbusiness(dot)chron(dot)com/effects-minimum-wage-microeconomic-perspective-4859.html
My textbook is
Image of book cover
Title Economics
Author Stephen L. Slavin
ISBN 0-07-764162-0
Publisher McGraw-Hill/Irwin

Term Paper Sample Content Preview:

Effects of Minimum Wage from a Microeconomic Perspective
Name
Course
College
Tutor
March 19, 2015
Outline
1.0 Introduction ……………………………………………………………………………………….…3
Preamble………………………………………………………………..................................3
Defining Minimum wage ……………………………………………………………………...3
2.0 Effects of Minimum Wage on Businesses………………………………………….…………3-4
Increased Production Costs…………………………………………………………………..3
Reducing Profit Margins……………………………………………………………………….3
Downsizing……………………………………………………………………...………………4
Figure 1: Inelastic Demand for Labor Due To Minimum Wage…………………………...4
3.0 Effects of Minimum Wage on Local Employment…………………………………………......4-6
Decreased employment rate……………………………………………………………….…..4
Low-wage workers get hiked wages……………………………………………………...….4
Some low-wage workers lose job due to downsizing………………………………..……..5
Figure Two: Equilibrium wage where Labor Supply Curve Is Elastic…………………..…6
4.0 Effects Of Minimum Wage On Individuals………………..…………………………………….6-7
Workers experience a boost in income……………………………&helli...

Updated on January 26, 2024

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The Effects of Minimum Wage From a Microeconomic Perspective

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