Two Economists Can Agree That Raising the Minimum Wage Creates

question 234

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.

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Definitions:

Dissociative Identity Disorder

A complex psychological condition that is characterized by the presence of two or more distinct personality identities or states that control an individual's behavior at different times.

Personalities

Consists of the enduring patterns of thoughts, feelings, and behaviors that distinguish one person from another.

Dissociative Amnesia

A psychological disorder characterized by temporary memory loss that cannot be attributed to a common medical condition.

Memory Loss

The inability to recall past experiences or information, which can be temporary or permanent, partial or complete.