1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veseljchak [2.6K]
3 years ago
8

Using your responses to the questions above as a guide, compose two well-written paragraphs that answer this question: Is a mini

mum wage a benefit for society? Justify your response.
Be sure to use these concepts in your writing:

price floor
unemployment
quantity demanded for labor
quantity supplied for labor
equilibrium wage
minimum wage
benefits to those who receive minimum wage
History
2 answers:
creativ13 [48]3 years ago
8 0

Answer:

No.

Explanation:

No, minimum wage is not a benefit for society because the economical situation of the labors will not be improved by giving them minimum wage. If we increase wage, the economic condition of these labors will be better and they will be able to educate their children and support their family. If the price of floor reduces, it is a benefits to those who receive minimum wage because they are able to purchase it. By increasing wage, more people comes to this profession and decrease occurs in unemployment. Provide equilibrium wage to the labors enhances the standard of living of a labor.

artcher [175]3 years ago
8 0

Answer:

Minimum wage is beneficial for society.  Answer from edmentum

Explanation:

Some people would argue that establishing a minimum wage is an additional cost to employers because it leads to a fall in quantity demanded for labor and employers have to lay off some workers because they cannot afford to pay higher wages. As wages increase, the quantity supplied of labor increases because workers will earn more money. The fall in the quantity of labor demanded coupled with the increase in the quantity of labor supplied results in unemployment.

However, I believe that establishing a minimum wage is beneficial for society. Before the government introduced a price floor, there was an equilibrium wage rate in the economy as the quantity demanded for labor was equal to quantity supplied. But the equilibrium wage rate was not high enough to satisfy the daily needs of workers. As a result, most workers earning that wage would live in poverty. With an increase in the minimum wage, workers have extra money to spend on various goods and services, which aids economic growth. Establishing a minimum wage is a benefit to society.

You might be interested in
Describe the image for 50 points
Firlakuza [10]

AMERICAN  FEDERATION OF LABOR

7 0
3 years ago
Read 2 more answers
Which of the the following statements about communication is most accurate
Elden [556K]
Business letters should be sincere, to the point, and impersonal.
8 0
4 years ago
Who spread Christianity after Jesus' death?
Sergio [31]

The disciples spread it.

8 0
3 years ago
Why are cities, suburbs, neighborhoods and blocks divided along racial lines? How did we end up with this thing called (de facto
galina1969 [7]

The correct answers to these open questions are the following.

Why are cities, suburbs, neighborhoods, and blocks divided along racial lines?

Since the conception of the United States as a country, racism has always been a major issue that has divided the country. It is a reality that many white people never wanted to intermingle with black people. In any sense. You just need to take a look at the pages of US history to realize the many problems and, confrontations, and atrocities generated by racism.

So white people never accepted black people to live in the same neighborhoods. That is why African Americans started to form their own neighborhoods where they could live in relative peace. With the pass of time, racial lines were severely marked.

We end up with this thing called (de facto) segregation because of the many issues and conflicts raised through time. And not only with African American people but other minorities too. We have the Hispanic neighborhoods, the Italian neighborhoods, the Japanese or Chines neighborhoods.

This sad separation can be noted in residential segregation, minority-owned businesses, the stratification of wealth, some disparities in the school premises, roles of minorities in positions of influence, and power, and more.

3 0
3 years ago
Which situation is the best example of monopolistic competition?
7nadin3 [17]

Answer:

Explanation:Restaurants – restaurants compete on quality of food as much as price. Product differentiation is a key element of the business. ...

7 0
3 years ago
Other questions:
  • During the Whiskey Rebellion, rebels tarred and feathered __
    14·1 answer
  • Why do many south africans and other people think that nelson mandela is a hero?
    15·1 answer
  • The harlem renaissance of the 1920s can best be described as
    7·1 answer
  • How is the legacy of the Latin language important to scientists today?
    9·1 answer
  • Which characteristic are not necessary true of all living things
    8·2 answers
  • HEEEELPPPP PLEAAASE!
    15·1 answer
  • Which development contributed to Russia's withdrawal from World War I?
    8·2 answers
  • When New Orleans was hit by Hurricane Katrina, many members of New Orleans’ professional sports teams pitched in by helping to r
    5·2 answers
  • A song for the grand old Temp'rance tree,
    15·2 answers
  • What does it mean if someone say “ I’m not rich but I have money “
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!