Problem
Read the article "The Business of the Minimum Wage" by Christina D. Romer.
The following prompts are intended to assess your critical thinking ability. Before you can begin this problem, you need to have carefully read the article regarding minimum wage that has been provided to you by your instructor. You will have 50 minutes to complete the questions below.
• This article presents two opposing positions regarding whether minimum wage should be increased. Using support from the article, summarize the arguments for the first position in your own words.
• Using support from the article, summarize the arguments for the second position in your own words.
• Based on the arguments presented in this article, which position appeals most to you, and why? Be sure to include support for your stance and explain why the opposing argument was not persuasive.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.