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ECO 202 Unit 2 Assignment The Living Wage Latest-POST

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ECO 202 Unit 2 Assignment The Living Wage Latest-POST

ECO 202 Unit 2 Assignment The Living Wage Latest-POST

ECO202

ECO 202 Unit 2 Assignment The Living Wage Latest-POST

ECO 202 – Microeconomics

Unit 2 Assignment: The Living Wage

Due: Sunday by 11:59 pm at the end of Unit 2.

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 formatted.

• 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.

ECO 202 Unit 2 Assignment The Living Wage

ECO 202 Unit 2 Assignment The Living Wage

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