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Minimum Wage / The Challenge of Living on it
Source: Council for Economic Education (EconEdLink) | Type: Lesson

COMPELLING QUESTION Should the federal government increase the federal minimum wage? Increasing the minimum wage is a controversial issue in the 2016 election. Students will understand contrasting arguments on the impact of raising the minimum wage. They will also gain an understanding of the direct relationship between hourly wages at work and economic decision-making when navigating a family budget. This lesson introduces students to the federal minimum wage. The lesson begins by providing background information from the history of the policy. Students will explore the debate on the impact of the wage floor on markets and participate in a decision-making simulation on the hard choices many people at this income level have to endure.




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