ECO202 – Microeconomics
Unit 2 Assignment: The Living Wage
Due: Sunday by 11:59 pm at the end of Unit 2.
The Living Wage
As an alternative to the minimum wage, some localities
have instituted a “living wage” requirement in which employers must pay a wage
designed to ensure low-wage workers and their families can live above the
poverty level. However, this effort has met with stiff resistance from some
interest groups, and generated considerable debate among economists about
whether the living wage ordinances are the best form of government intervention
to help low wage workers. Your assignment this week is to respond to the key
questions below.
Key questions:
What specifically do “living wage” ordinances call
for?
How is the “living wage” different from the “minimum
wage?”
Who is helped, who is hurt by a living wage
requirement?
What underlying data is used to justify a living wage
requirement?
What are the long run impacts of a living wage
requirement?
For overall arguments in favor of the living wage see
the liberal think tank Economic Policy Institute (search for living wage) at:
http://www.epinet.org/
For overall arguments against the living wage see the
conservative think tank National Center for Policy Analysis (search for living
wage) at: http://www.ncpa.org/
For more technical economic research opposing the
living wage see the Employment Policies Institute at: http://www.epionline.org/index_lw.cfm
For legal research in favor of the living wage see the
Brennan Center for Justice at: http://www.brennancenter.org/
Other articles (for and against)
“Perspectives on a Living Wage” at:
http://www.pbs.org/pov/pov2006/wagingaliving/special_goodman_la.html
Organizations working in favor of the living wage:
Universal Living Wage Campaign:
http://www.universallivingwage.org/ Living Wage Resource Center (Acorn):
http://www.livingwagecampaign.org/
Your final product will be a paper that:
• Addresses
each of the four questions above in total.
• Is
APA fortatted.
• The
body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer
each question fully
2. Define
the overall subject of each question.
3. Cite
at least three (3) resources from this week’s materials.
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