ECO 204 Week 5 Discussion 1 | Assignment Help | Ashford University
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- 23 Nov 2020
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ECO 204 Week 5 Discussion 1 | Assignment Help | Ashford University
ECO 204 Week 5
Discussion 1
Demand for Labor and Minimum Wage
Prior to beginning work on this discussion, read Jared Bernstein’s article, Amazon’s Raise: Unequivocally Good News
Based on the article’s information and Chapter 12 in your
textbook, respond to the following:
·
Why is the demand for labor called a derived demand?
·
In the labor market, what are the firm’s demand curve for labor and the
workers’ supply curve of labor?
·
How is a firm’s wage normally determined in the labor market?
·
How could Amazon decide to raise its minimum wage to $15 per hour,
despite the federal minimum wage being fixed at $7.25 per hour?
·
What are positive and negative effects of Amazon raising its minimum
wage to $15 per hour on its employees, total revenue, and other companies and
their employees?
Your initial post
should be a minimum of 300 words.
Guided Response: Respond substantively (a minimum of
100 words) to at least two of your classmates’ posts. What is similar or
different between your post and theirs? What advice could you offer them?
Substantive responses use theory, research, experience, or examples to support
ideas and advance class knowledge on the discussion topic.
USA 
India