The following features describe the current economic environment:

The Economy is on the path to recovery from the recession caused by Covid19.

This primarily impacts the minimum wage sectors through the demand side

(shifting the demand up).

Currently, labor unions have limited power in the minimum wage sectors.

However, given the close ties between the Democratic Party and unions, one

expects the labor unions to play more decisive roles in the minimum wage sectors

in the next few years.

Cheap robots are becoming increasingly accessible to employers, which mean that

some employers might find hiring robots to be more economical than hiring

humans over time.

Given this environment, assess the likelihood of the success of the Biden administration's

efforts to improve the standard of livings of workers by increasing the federal minimum

wage from 7.25 to 15$ an hour. Are there additional measures that the government should

implement to ensure that the minimum wage increase has the desired effect on workers in

this economic environment?

Use supply and demand diagrams to illustrate your answer and explain. Your answers should

be based on graphical analyses. Your explanations should complement what you draw on

your graphs.