Module 4- Minumum Wage Discussion The federal government is proposing to enforce a minimum living wage based on the premise that everyone who works 40 hours a week should be able to support themselves and a family regardless of the type of work. The government has decided that the proposed minimum living wage should be $21 per hour. Currently, the minimum wage in this country is $10.00 per hour. The average wage after a person has worked 5 years is $17.00. Describe what you believe would happen in the labor market if this law were to pass. Present a graph that represents the situation you described. List three to five unintended consequences to this increase. While writing your discussion please consider the below quote "An increase in minimum wage will lead to the age of machines faster." - Glenn Reynolds In your opinion, what is meant by this quote by Mr. Reynolds