Scenario: In an effort to close the wage gap, a new bill is being proposed in your
Question:
Scenario: In an effort to close the "wage gap", a new bill is being proposed in your state that would require a 15% increase in wages for women across the board. It would apply to both public and private employers. Proponents say this is an excellent way to close the wage gap and give women the equality they deserve with men in the workforce. Opponents say it will result in excessive costs to businesses and result in fewer women being hired in the workplace.
As an economic analyst, you have been asked to analyze how private preferences are aggregated using the democratic process in this scenario. Consider the incentives and behaviors of individuals and groups, and predict the policy outcome.
- 1: Analyze the scenario using economic theory to understand how private preferences are aggregated using the democratic process. Consider incentives and behaviors of
- 2: individuals and groups, and predict the policy outcome.
- 3: Post a summary of your analysis and prediction.
- 4: Respond to at least one other student's post by providing feedback and considering alternative perspectives.
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks