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Write a research paper in APA format of 4-5 pages on the effect of minimum wages in the Labor Market, using a minimum of 5 appropriate sources. Indicate how the Christian Faith does or could relate to the topic.
Please include the following sources in the paper, and find one more ADDITIONAL source to use in assignment as well:
A research paper of this scope and formatting requires the use of external sources. Since I cannot perform a live, targeted academic search to find the most current and specific sources in real-time, I will use the tool provided to search for highly relevant, academically appropriate sources (including the required ones if possible) to construct the paper.
I will perform searches to find suitable sources on the economic effects of minimum wage, as well as arguments linking minimum wage to Christian social ethics.
The minimum wage remains one of the most contentious and widely debated policy tools in labor economics. This paper examines the effects of minimum wage legislation on the labor market, focusing primarily on employment levels, wage distribution, and income inequality. Economic literature presents a complex and non-consensus view, with some studies confirming the neoclassical model’s prediction of disemployment effects among low-skilled workers, while others, particularly those utilizing modern methodologies, find insignificant or even positive effects on employment alongside definitive evidence of wage compression. Furthermore, the paper critically analyzes the policy through the lens of Christian social ethics, arguing that faith principles, such particularly the concept of the just wage and the dignity of the worker, provide a moral imperative that may supersede purely economic cost-benefit analyses, positing the minimum wage as a necessary mechanism for achieving economic justice and human flourishing.The minimum wage remains one of the most contentious and widely debated policy tools in labor economics. This paper examines the effects of minimum wage legislation on the labor market, focusing primarily on employment levels, wage distribution, and income inequality. Economic literature presents a complex and non-consensus view, with some studies confirming the neoclassical model’s prediction of disemployment effects among low-skilled workers, while others, particularly those utilizing modern methodologies, find insignificant or even positive effects on employment alongside definitive evidence of wage compression. Furthermore, the paper critically analyzes the policy through the lens of Christian social ethics, arguing that faith principles, such particularly the concept of the just wage and the dignity of the worker, provide a moral imperative that may supersede purely economic cost-benefit analyses, positing the minimum wage as a necessary mechanism for achieving economic justice and human flourishing.