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Two Economists Can Agree That Raising the Minimum Wage Creates

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Essay

Two economists can agree that raising the minimum wage creates unemployment yet one might argue that raising the minimum wage is a good policy and the other that it is a bad policy. Why can this difference exist? Be sure to use the terms positive and normative in your answer.


Definitions:

Informant Report

A method of assessment where information about a subject is reported by someone else, often used in psychological evaluations.

Clinical Interview

A structured interaction between a healthcare provider and a client used to assess the client's psychological functioning and diagnose mental disorders.

FMRI

Functional Magnetic Resonance Imaging, a neuroimaging procedure that measures and maps the brain's activity by detecting changes associated with blood flow.

Archival Data

Information collected and stored as records or documents from past events, used as a valuable resource for research and analysis.

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