How you feel changes in minimum wage would impact the economy?

http://www.heritage.org/jobs-and-labor/report/15-minimum-wages-will-substantially-raise-prices

https://www.forbes.com/sites/realspin/2016/07/04/high-minimum-wage-everyone-worse-off/#23feddc54927

http://www.inc.com/magazine/201603/norm-brodsky/15-minimum-wage-consequences-for-businesses.html

http://www.cnbc.com/2015/12/30/hiking-minimum-wage-wont-stop-poverty-fed-paper.html

You are not graded on your opinion, but use economic terminology in defense of your thoughts. Everyone knows where I stand on the issue, it is ok to disagree with me. Whether you favor raising it, keeping it, letting states decided it, or even getting rid of it altogether, I need to see economic support.

Consider differences in ages, experience, skills, regions, industries. Consider unemployment, participation rates, hours worked. Consider the incentive to automate, incentive to go back to school, incentive to find other jobs. Consider the impact on business owners. Is there a different impact on small business owners than large corporations?

Defend or disagree with the following statement:

Pay should be based on merit alone. Automatic pay raises are not justified.

Answer the above with an initial post of 200 to 500 words. Respond to at least 1 classmates with a minimum of 50 words analyzing their arguments. If you cite the articles use APA format.

This board is worth 20 points. To maximize your point total, provide two substantial posts.