In an essay of 5-7 paragraphs, please answer the following: Growing concerns regarding economic inequality have led to a number of proposals to increase the federal minimum wage to $15 per hour. While the intent of these proposals is to increase worker income, there are concerns that higher minimum wage laws might be counterproductive. Imagine that you are an economic advisor to Senator Cory Booker and he has asked for your advice regarding the effectiveness of a minimum wage increase. Ignoring the political implications of the new law, utilize economic terminology to describe the nature of the proposal and explain what the likely effects would be if such a law passed. Include a graph in your answer to illustrate the effect of such a law. You may embed the graph in the text box, or send a copy of it to me via email. If you chose to submit a photo of a handwritten graph, please be sure that it is legibly written and labeled