week 9 Please help On May 30, 2017, the Ontario Liberal government announced tha
ID: 1130330 • Letter: W
Question
week 9
Please help
On May 30, 2017, the Ontario Liberal government announced that Ontario’s general adult minimum wage will be rising from the then rate or $11.40 per hour to $15 by 2019.
Are you in favour or against the Ontario minimum wage rising to $15 per hour?
Is this a positive or normative economic question? Why?
Explain if you are in favour or against this increase in the minimum wage in Ontario. In your response, utilize and apply the key economic concepts on minimum wages.
As well, explain if you think it will have a favourable or unfavourable effect on students working part-time.
On May 30, 2017, the Ontario Liberal government announced that Ontario's general adult minimum wage will be rising from the then rate or $11.40 per hour to $15 by 2019. Are you in favour or against the Ontario minimum wage rising to $15 per hour? Is this a positive or normative economic question? Why? Explain if you are in favour or against this increase in the minimum wage in Ontario. In your response, utilize and apply the key economic concepts covered in this module on minimum wages. As well, explain if you think it will have a favourable or unfavourable effect on you personallyExplanation / Answer
The given question is positive because it is objective and can be either proved or disproved.
The minimum wage will reduce the demand for labor and will thus lead to unemployment and lower level of production in the economy.
This will have a favorable effect on part-time workers as their demand will increase to substitute for the full-time labors the inncreased demand for part-timers will increase their compensation.
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