Hello everyone,
firstly, please watch the following video to finish our current section of labour market supply shifters: Supply shifters Second: Minimum wage is essentially a price floor in the labour market. Think about what that would look like on your graphs and try to complete this section of your notes independently. Third: Read the following two articles and watch Mr. Cliffard's video. In an email to Ms. Welsh (due by the end of class), give a brief summary of what you learned about the pros and cons of raising minimum wages. Add your personal opinion: Should minimum wages be raised - yes or no? Fraser Institute Economic Policy Institute Minimum wage debate by Mr. Cliffard: Minimum Wage
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In today's class we talked about price controls and government involvement. The following article relates to what we discussed. Take a look and have a listen economists! www.cbc.ca/radio/sunday/the-sunday-edition-for-may-26-2019-1.5146999/government-subsidies-for-business-are-greater-than-canada-s-entire-defence-budget-1.5148266
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AuthorVanessa Welsh. Business Education Teacher at Burnaby Mountain Secondary School. Archives
January 2022
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