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The government is has expressed a desire for higher minimum wage. By creating a limit to how low the minimum wage is, the government is imposing a minimum price or a price floor. The increase in minimum wage translates into an increase in the minimum price or price floor.

This article talks about how Minimum wage will not kill jobs drastically. When a government imposes minimum wage, many salaries have to be raised, and if a raise in the salary of the workers means a decrease in profit workers will be fired. Workers are useful as long as having more increases profit. This article talks about how that would not necessarily be true.

This article basically discusses how a raise in minumum wage would affect restaurants, spcially fast food restaurants such as McDonalds. As President Barack Obama propeses to raise the minumum wage to 10$ many fast food companies disaggree him saying that their customers are price sensitive and this increase in their cost would haveto reflect onto customers which would drive them away. However data says otherwise. The article indicates that the prices of fast foods are ectually inelastic and therefore an increase in price although would mean less customer it doesn't necesserily mean less revenue

I think this article is a very good choice as it shows the effect the elasticity can have in real life situations. I think in this situation we also have to appreciate the recognition that the company Mcdonald's has ;this could influence elasticity being inelastic. As Mcdonalds is a very popular ,globally known fast food restaurant they may find that a small increase in price will only affect their demand in a small way. So like you said it doesn't necessarily mean less revenue. Jack

This article gives the principle that when an economy approaches full employment, it would receive pressure to increase wage. It shows the discrepancies with the real world, and proposes some theories to explain it.

Apparently our misery level is down! Yay us, we should celebrate! Except... that this is quite meaningless in our society now. The US has become too complicated to actually have meaning in a Misery test. We need prices to decrease or wages to increase in order to actually be able to pay off our debts and loans

This article centers around how the Seattle City Council had voted on Friday to have the city's Law Department investigate the possibility of enacting "an excise tax on annual individual or household earnings in excess of $1 million." The article also depicts how the council had voted regarding minumum wages.

Mr Tsipras's defiant parliamentary debut as prime minister - underlining a string of spending commitments such as raising the minimum wage in breach of Greece's two €240bn (£178bn) bailouts -will have had Germany's Chancellor Angela Merkel tearing her hair out in Berlin. The politics in Greece for the last five years was inconsistent and very harsh towards people who were oftentimes protesting and boycotting. The result of this politics has a strong impact on the country's economy, which is very fragile and is still deteriorating by harsh policies, taxation which affect not only Greece but the international market as well.