Question

Should governments implement a minimum wage, outlining a minimum amount an employee is to be paid per hour? Yes, the existence of minimum wages is a key part of a civilized society.

A. Strong
B. Weak
C. Neither Strong nor Weak
D. Cannot be determined

Answer 1

Governments should implement a minimum wage to ensure workers earn a wage they can live on, lift people out of poverty, and provide for a basic standard of living.

Step-by-step explanation:

The question is asking whether governments should implement a minimum wage, which outlines a minimum amount an employee is to be paid per hour. The existence of minimum wages is a key part of a civilized society. It is argued that a minimum wage ensures that workers earn a wage they can live on, lifts people out of poverty, and provides for a basic standard of living.

The U.S. minimum wage has historically had a small impact on employment because it has typically been set close to the equilibrium wage for low-skill labor. However, if the minimum wage were to increase dramatically, its impact on reducing the quantity demanded of employment would be greater.

Therefore, the answer to the question is that governments should implement a minimum wage, outlining a minimum amount an employee is to be paid per hour.

Answer 2

The issue of whether governments should implement a minimum wage is complex, involving potential impacts on poverty reduction and employment. Current federal minimum wage is $7.25 per hour, which many argue is insufficient. The consequences of increasing the minimum wage, such as to $15 per hour, are a subject of debate regarding employment rates and living standards.The correct option is:A. Strong

Step-by-step explanation:

Minimum Wage Debate

Government implementation of a minimum wage is a topic of extensive debate. The idea behind a minimum wage is to set a baseline that employers must pay employees per hour to ensure a standard of living. In the context of U.S. economics, minimum wage laws have historically not had a significant impact on employment levels when set near the equilibrium wage for low-skill labor.

If minimum wages are increased dramatically to match the living wage, as some proposals suggest, it could have a more substantial impact on the labor market by reducing the quantity demanded of employment. Since many states are considering raising the minimum wage to $15 per hour, there's a focus on the potential consequences, such as reducing poverty and the possible reduction in employment opportunities.

As of now, the federal minimum wage of $7.25 per hour is considered insufficient by many to cover basic living expenses, especially in regions with a high cost of living. Raising the minimum wage is argued to potentially help lift individuals out of poverty, but there are concerns about its effects on business costs and employment rates.The correct option is:A. Strong