Federal Minimum Wage Increase
The current federal minimum wage is $7.25 per hour for most occupations. For your term paper discuss the potential impact on employment and labor markets if the federal minimum wage was raised to $11.00-$15.00 per hour. Further, also identify a firm which employs a large number of people at or near the minimum wage and speculate how this firm would respond to such an increase in the minimum wage.
Paper Requirements:
Your paper should be 2 to 4 full pages long, double spaced, 12 point times new roman font.
Submissions must be Word documents or PDFs (other formats will not be accepted).
The paper should include at least three citations. Citations should not be from wikipedia.com, ask.com, or web discussions.
Your paper should be formatted in the MLA style.
Paper Grading Rubric:
The paper is worth 50 points. The paper will be graded on four criteria: thesis, content, commentary, and grammar and composition. Their value and summaries are as follows:
Thesis – 15 points – thoroughly summarize the topic
Content – 15 points – accuracy of information presented
Commentary – 15 points – Present well thought-out ideas impacts of change in minimum wage
Grammar and Composition – 5 points – use correct mechanics of writing and present citations when appropriate
