Minimum wage is a price floor that creates economic inefficiencies. Currently, there is a labor shortage impacting the US that has driven up wages (all above minimum wage). Discuss the following:

1. How do you feel about minimum wage? Would you keep it, do away with it? If you kept it, what do you think the hourly amount should be?

2. The higher the minimum wage, the incentive to improve yourself through education and other means is greatly diminished (which actually keeps people in poverty). Do you agree or disagree with this statement. Explain.