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:

BMI

Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women, used to categorize underweight, normal weight, overweight, and obesity.

Pregnancy

The condition of carrying one or more embryos or fetuses in the womb, typically lasting about nine months in humans.

Weight Gain

An increase in body weight. This can be a result of muscle mass increase, fat deposits, or fluid retention.

Teratogen

A substance, agent, or process that can cause developmental malformations in an embryo or fetus.