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Minimum Wages and Economic Justice: A Classroom Exercise

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  • Aaron Pacitti
  • W. Scott Trees

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.

Suggested Citation

  • Aaron Pacitti & W. Scott Trees, 2013. "Minimum Wages and Economic Justice: A Classroom Exercise," Forum for Social Economics, Taylor & Francis Journals, vol. 42(1), pages 59-69, March.
  • Handle: RePEc:taf:fosoec:v:42:y:2013:i:1:p:59-69
    DOI: 10.1080/07360932.2012.684099
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    References listed on IDEAS

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    1. Jeannette Wicks-Lim & Jeffrey Thompson, 2010. "Combining Minimum Wage and Earned Income Tax Credit Policies to Guarantee a Decent Living Standard to All U.S. Workers," Published Studies peri_mw_eitc_oct2010, Political Economy Research Institute, University of Massachusetts at Amherst.
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    1. John Schmitt, 2012. "Low-wage Lessons," CEPR Reports and Issue Briefs 2012-03, Center for Economic and Policy Research (CEPR).

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