Minimum Wage Review, business and finance homework help
Minimum Wage: In February 2015, Walmart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recommended by many labor activist groups.
In a paper, respond to the following questions:
1. Do you think Walmart raised wages because of supply and demand in the labor market or because of the pressure of labor activist organizations? Explain your reasoning.
2. Do you think Walmart should raise wages to $15/hour to match what labor activists are calling for? Why or why not?
3. Should the government raise the minimum wage and if so, to what level? Please support your answer.
Specifically, the following critical elements must be addressed in each short paper:
I. Main Elements. You have addressed all of the questions in the assignment.
II. Inquiry and Analysis.
You show an in-depth understanding of the concepts covered in the assignment.
III. Integration and Application. You have correctly applied the concepts discussed in the module corresponding with the assignment.
IV. Critical Thinking. You have articulated a clear conclusion based on strong rationale.
V. Research. You have incorporated at least two outside references into the assignment.
VI. Articulation of Response. You show appropriate grammar, spelling, syntax, and organization.
Guidelines for Submission: Your paper must be submitted as a 3 page Microsoft Word document with double spacing, 12 – point Times New Roman font, one – inch margins, and at least three sources cited in APA format.
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