Hello, I'm having trouble with my principals of microeconomics class discussion.. could you help me please? I would like help answering the first part "Since less than 3% of the population earns etc." The book chapter only talked about "does low-wage mean low income""Fight for $15" and how it affects the youth. Thank you,D

Assignment (choose 1): . Since less than 3% of the population earns federal minimum wage (more than 97% of workers earn more than minimum wage), is it even relevant? Why not get rid of minimum wage and allow companies to pay their workers the market wage for the work done? What would be the likely impact? Explain. . How have you been impacted by minimum wage, either directly or indirectly? Remember that minimum wage also impacts the costs for producers. Grading Rubric