Discuss if the government should increase the minimum wage. In responding to the questions, students must elaborate on the elements of economics, concepts of scarcity and choice and opportunity cost in relation to shifting a floor.
No. The government should not increase minimum wage. If you were to increase minimum wage then employers would need to start charging more and in total even if you make more, you are gonna have to spend more. So it doesn’t help you at all. Also it creates inflation which destroys the economy by devaluing the U.S dollar
