Highlights
In just one and half pages evaluate the following items
1. Evaluate the impact that an increased minimum wage may have on the cost functions of originations that mostly hire low skilled workers (e.g., fast food) and the impact that a minimum wage may have on the cost functions of organizations that only employ skilled workers (assume skilled workers seek a similar rise in wages to maintain existing wage differential).
2. Evaluate whether a relationship exists between the introduction of robotics and kiosks into fast food companies and the increases in minimum wages passed in states such as Washington and New York.
3. Discuss the effect that an increased minimum wage to $15 will have on labor supply (reference).
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