02 minimum wage

Bellringer verbal, with your partner1. Why isn’t it such a good idea?

1. List 4 jobs you could do without any special skills2. List 4 jobs you could do that require skills, licenses

or education

Types of labor• Skilled labor: require skills, licenses or education• Salary?• Give 3 examples

• Unskilled labor: lower human capital, physical, entry level

• Salary?• Type of person?• Give 3 examples

Who are you right now? In 10 years?Students, low skilled immigrants, uneducated

Professionals, skilled immigrants, educated

• Show clip from Time magazine

Germany lacks a min wage

Around the World

Conclusion?

Walking around debate • Agree, American Flag

• Disagree, Pirate flag

• “Raising the minimum wage to $10/hour would help working families”



• “Raising the minimum wage to $15/hour would hurt teenagers”



• “Raising the minimum wage to $15/hour would increase overall consumer spending”



• “People earning minimum wage should focus on becoming skilled labor so they can earn a better salary”



• “Raising the minimum wage to $15/hour would make these machines more attractive”

+10 Quantitative Easing points

• Write a 2 paragraph ECONOMICALLY reasoned letter to your congressperson asking them to comment on the idea: raising the minimum wage will make it harder for teens to find jobs

• Must be sent to me electronically or on a flash drive, we will submit it on my computer during lunch or after school.

Business

02 minimum wage