Using the information from How Increasing the Federal Minimum Wage Could Affect Employment and Family Income, which we used in class, explain the expected impact of the size of the minimum wage on employment, the number of people in poverty, and overall change in family income. Note that precise values are not necessary. Simply telling whether each of the three, employment, number of people in poverty, and overall family income, is expected to increase or decrease is acceptable.
Impacts from the minimum wage vary based on household income. Which income groups gain more income and which lose income as a result of an increased minimum wage? Why?
Answer this entire question in paragraph form using college-level writing skills as this answer will be a part of what will be used to assess whether you have demonstrated such skills, a requirement to pass this course. Be mindful of the Student Code of Conduct, which prohibits plagiarism, and in many cases such as this one, using of generative artificial intelligence.
