Hello Tutors,
I would like guidance on these questions.
If you are able to provide an explanation on the given problem to help further advance my understanding. That would be very helpful.
If possible please elaborate on 3d and 4d.
These are the list of sources needed for the assignments :
Question 2 : https://www.cbo.gov/publication/55410#section1
Question 3 : https://www.epi.org/publication/why-america-needs-a-15-minimum-wage/
Question 4 : https://epionline.org/wp-content/uploads/2019/01/EPI_NationalMWDocument.pdf
Questions 2d and 5 and 6 (not included) are not needed.
If there is any additional information that you need. Please do not hesitate to let me know.
I am also sorry for the amount of things on this request as you guys do so much for so little.
I will give you a great review :)
Thank You and Take care
2. The Congressional Budget Office (CBO) 2019 report on raising the minimum wage. This is a fairly unbiased report that spells out the range of likely outcomes of raising the minimum wage to $10, $12 or $15 per hour. You can find the information needed by scrolling down and clicking read more or by using the interactive tool and scrolling down. See video for help. a. How many people would likely be jobless because of an increase in the minimum wage to $157 Be aware the CBO acknowledges that there are a range of estimates, but give the point estimate provided. b. How many workers whose wages would otherwise be below $15 per hour would see their wages increase? c. On net, how many people would a $15 dollar minimum wage move out of poverty? d. The whole 52 page report is available here: Congressional Budget Office report on raising the minimum wage, if you're interested. 3. Economic Policy Institute (EPI), Why America Needs a $15 Minimum Wage Fact Sheet from February 5, 2019. According to the this source: a. When's the last time the federal minimum wage was increased? b. How many workers would see pay increases if we raise the wage to $15 per hour by 20247 c. What percent of working poor would receive a pay increase? d. How would you describe the bias of this source?4. Employment Policies Institute (EPI), The Impact of a $15 Minimum Wage: Up To 2 million lost jobs, January 2019. Sorry, but there are two EPIs with very different points of view. According to this source: a. How many jobs would be lost in New Mexico by raising the minimum wage to $15 per hour? b. What percent of those who would be affected by the $15 minimum wage live in households with incomes over three times the federal poverty line? c. What percent of economists believe it will have a negative impact on youth employment? d. How would you describe the bias of this source? 5. This brief article in The Atlantic provides quotes from 5 prominent economists. Just read it - they are all pretty reasonable, although they don't all agree. No questions. Just one more source on the next page