Document Analysis: Minimum Wage (Christopher Hunter)

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Honors Global Economics Name: Christopher Hunter Document Analysis: Minimum Wage Learning Targets: 1. To analyze primary and secondary sources to determine the advantages and disadvantages of minimum wage in the United States. 2. To create an argument, supported with evidence, on the decision to raise the federal minimum wage in the United States. Directions : Consider and analyze each document carefully. This evidence, along with your own personal experience will help craft your argument. SHOULD THE U.S. RAISE MINIMUM WAGE? What I know about minimum wage: The minimum wage in Illinois is $8.25/hr It is illegal to for a business to pay its employees less than minimum wage What I learned from our class discussion: Raising the minimum can have a lead to rampant inflation The federal minimum wage is $7.25/hr Raising the minimum wage can dissuade prospective students from pursuing a post- secondary education if they can make a relatively comparable wage without it Hook Video What did you learn about minimum wage from John Green? The free market argument states that business will raise wages accordingly to attract the kind of employees they need Minimum wage is an attempt to alleviate poverty, but it inadvertently does the opposite, or at least has some unintended consequences Raising the minimum wage by 10% reduces poverty by approximately 2.5% Low wage workers tend to spend more of their payroll Document #1: Minimum Wage by State 2018 Source: United States Department of Labor
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What conclusions can you draw about minimum wage from this document? 32% of the U.S pays above the federal rate, but below $10.00 28% of the U.S pays the federal wage 26% of the U.S pays $10.00 or above for its minimum wage 14% of the U.S either has no establish minimum wage or pays below the federal wage More states pay above the federal rate, but below $10.00 Document #2: 2017 Rental Home Housing Wage Source: - make-to-afford-housing-in-your-state/?noredirect=on&utm_term=.15907f5cb932
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What conclusions can you draw about minimum wage from this document? A majority of states must earn between $15.00 and $20.00 to afford the Fair Market Rent w/out going over 30% of their income Southern states have a generally lower Fair Market Rent compared to other parts of the country The states with the highest and lowest Fair Market Rate is Hawaii and Puerto Rico, respectively How does Document #2 compare to Document #1?
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Document #3: PBS NewsHour: What quality of life can minimum wage workers afford? Watch the video: Summarize what you learned about minimum wage? What were you surprised to learn? It is still difficult to maintain a decent standard of living earning only minimum wage. Many people can barely afford basic needs, and that’s outside the realm of housing, healthcare, and transportation. I was surprised to
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