Microeconomics discussion reply to peer easy


Hello Johnny , 

You stated, “some small businesses will close down since they would not afford to pay their workers”. I agreed with you!

Increasing the minimum wage argues small businesses would be adversely affected by such a drastic increase in the minimum wage. Just as small businesses begin to bounce back from the worldwide Covid-19 pandemic, an increase in the federal minimum wage would significantly increase small businesses’ operating costs and make margins tighten for them. 

“Another argument against the Raise the Wage of Act is the vastly different state economies, with drastically different costs of living. A uniform minimum wage could disproportionally impact a small business in a state with a low cost of living”(Corpuz, 2021). 


Corpuz, Victor. (2021, March 31) Jackson Lewis. Advantages and Disadvantages of Raising Federal Minimum Wage to $15. https://www.jacksonlewis.com/publication/advantages-and-disadvantages-raising-federal-minimum-wage-15

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.