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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:

Huntington's Disease

A genetic disorder characterized by the progressive breakdown of nerve cells in the brain, leading to deterioration of physical and mental abilities.

Dominant Mutant Allele

A variant of a gene that is more potent in expressing its trait even in the presence of its normal counterpart.

Heterozygote Advantage

A phenomenon in which the heterozygous condition confers some special advantage on an individual that either homozygous condition does not (i.e., Aa has a higher degree of fitness than does AA or aa).

Chorionic Villus Sampling

A prenatal test where samples of the chorionic villi are taken to test for genetic disorders in the fetus.

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