In a well written essay with an introductory thesis statement and clear conclusion, please
include.
1. The definition of supply
2. The definition of demand.
3. The definition of equilibrium.
4. A fully labeled graph of a competitive labor market (see Figure 3.6 in your text).
5. The definition of a price floor and how the minimum wage fits into this definition.
6. An explanation of how minimum wages may actually hurt those who are intended to
be helped.
7. An explanation on what effect you would expect minimum wages to have on the
attainment of job experience and training of the young.
8. Your opinion on whether you think that the current minimum wage in Colorado
should be changed.
Please see the attached rubric for expectations and grading information. The essay should
be double spaced 12-font (Ariel or Times New Roman) and all sources should be cited the
MLA format.
Note: Do not use un-authored web sources or Wikipedia. When looking for resources, you
may wish to use the ACC library resource to find academic resources that are appropriate
for a college paper.These are the steps to find one article that will help you with your
paper.
1. Go to the library resource at ACC – http://www.arapahoe.edu/studentresources/library/research-assistance/databases-arapahoe-community-collegelibrary
2. Click on ProQuest under the Journal and Magazine Articles heading.
3. Search for the article Do minimum wage hikes reduce employment? Statelevel
evidence from the low-wage retail sector by Mark D. Partridge, and Jamie S.
Partridge in the Journal of Labor Research 20. 3 (Summer 1999): 393-413.
4. Read this article looking specifically for information on whether changes the
minimum wage effects unemployment. Please note that the research is mixed on
this issue so you will have to form your own educated opinion. Specific requirements for your essay are discussed in the Essay on the Minimum Wage attachment to this assignment with the key words listed below incorporated in to your essay. Please submit your essay,to me using the following steps. The specific directions for this assignment and the grading rubric are in the attached files. Step 1: Create a Word (or text) document that includes a complete heading for your assignment. A complete heading includes your name, date, the class number (ECO 101 201) and the name of your assignment (in this case, Essay 1). Step 2: Save your document with the labelECO101201_Lastname_Essay1Example: ECO101201_Bertelsen_Essay1Step 3: Send me your assignment as an attachment through the dropbox.Please note that you should use at least four total resources with at least two academic sources for this paper (not including your graph or the podcast on Supply and Demand). The graph you use for your essay should look like the one in your textbook on the labor market with the minimum wage. You can search one in google images if you don’t want to create one (be sure to site your source).Key words and define to use in your paper:DemandSupplyWagesEquilibriumSurplus
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