Please answer the following question(s). To earn full points on this assignment the following requirements must be met. Submissions should include a well written response that clearly and concisely addresses and answers all parts of the question(s). Please use APA formatting, however please note your written response alone should be 1-2 pages doubled spaced typed (excluding title, header, name, page numbers etc.). Please cite references used in both the written response and a separate reference page. Please create and provide at least one original graph. Include any graphs or charts at the end of your written response and refer to them in the text. Make sure you answer the topic question(s) from an economic perspective. Briefs need to be submitted through Dropbox in D2L under the appropriate folder by the deadline listed above; briefs submitted late will not be accepted.
Based on economic theory, assume that a minimum wage already exists in society and explain the effects on the economy of increasing the minimum wage. Be sure to discuss who gains and who loses.
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