Minimum Wages and Economic Justice: A Classroom Exercise
Aaron Pacitti and
W. Scott Trees
Forum for Social Economics, 2013, vol. 42, issue 1, 59-69
Abstract:
This paper presents a classroom exercise for an introductory economics course that allows students to discover the economic and social impacts of working for minimum wages. Students are asked to estimate a budget necessary for both a desirable and sustainable standard of living for those earning a minimum wage income. By engaging in active learning on topics such as economic justice, normative economic policy, living wages, and non-material needs, the exercise is an effective vehicle for integrating social economics into a principles course; and offers an opportunity to augment traditional economic pedagogy. Extensions, variations, and a suggested assessment tool for the exercise are also provided.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:taf:fosoec:v:42:y:2013:i:1:p:59-69
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DOI: 10.1080/07360932.2012.684099
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