0
What would be a normative statement concerning the minimum wage?
Wiki User
∙ 11y ago
A normative statement concerning the minimum wage is that it should be set at a level that allows individuals to meet their basic needs such as housing and food without relying on public assistance. It should also be high enough to reflect the cost of living in a particular area and should be adjusted periodically to account for inflation. Additionally the minimum wage should be set at a level that does not reduce job opportunities for those earning it.
- Minimum wage should be set at a level that allows individuals to meet their basic needs
- Minimum wage should be high enough to reflect the cost of living in a particular area
- Minimum wage should be adjusted periodically to account for inflation
- Minimum wage should be set at a level that does not reduce job opportunities for those earning it
Setting the minimum wage at an appropriate level is an important part of ensuring economic fairness and protecting the livelihoods of those who are unable to earn higher wages.
Brandy Ortiz
Add your answer:
Earn +20 pts
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is supposed to be value/ideologically neutral. For example, a descriptive statement in economics could be something like, 'Social Security is set to go bankrupt by 2050.' Whereas a normative statement would be something like, 'Social Security is set to go bankrupt by 2050 and thus must be saved to prevent a huge boom in elderly poverty.'
What is the Difference between positive and normative science?
A Normative Theory expresses a judgment about whether a situation is desirable or undesirable, and is based upon some moray or standard. The world would be a better place if the moon were made of green cheese, is a normative statement because it expresses a judgment about what ought to be. Notice that there is no way of disproving this statement. If you disagree with it, you have no sure way of convincing anyone, who believes the statement, that it is incorrect.A Positive Theory expresses an opinion on a condition, assuming what is, and that contains no indication of approval or disapproval and is not based on any standard. Notice that a positive statement can be incorrect. The moon is made of green cheese, is incorrect, but it is a positive statement because it is a statement about what exists.
Would raising taxes on gasoline reduce automobile traffic in a nation highway be an example of a normative analysis?
No, it would be speculative analysis.
Is economics is a positive science or a normative science?
Economics aims to be a positive science since, by definition, science is a positive enterprise. Normative evaluation necessarily implies valuation of specific types of outcomes over others, which would invalidate typical economic analysis by defending theory by using philosophy, especially ethics, instead of mathematics, statistics, and logic. While normative evaluation is important in the application of economics, especially in the field of social welfare, it is considered taboo by economists to establish economic theory, rationally or empirically, on normative science.
How much is minimum wage in TN?
Tennessee is one of 5 states that has not set a minimum wage. The state would then go by the federal minimum wage. The federal minimum wage is $7.25 per hour effective July 24, 2009.
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is supposed to be value/ideologically neutral. For example, a descriptive statement in economics could be something like, 'Social Security is set to go bankrupt by 2050.' Whereas a normative statement would be something like, 'Social Security is set to go bankrupt by 2050 and thus must be saved to prevent a huge boom in elderly poverty.'
What is the Difference between positive and normative science?
A Normative Theory expresses a judgment about whether a situation is desirable or undesirable, and is based upon some moray or standard. The world would be a better place if the moon were made of green cheese, is a normative statement because it expresses a judgment about what ought to be. Notice that there is no way of disproving this statement. If you disagree with it, you have no sure way of convincing anyone, who believes the statement, that it is incorrect.A Positive Theory expresses an opinion on a condition, assuming what is, and that contains no indication of approval or disapproval and is not based on any standard. Notice that a positive statement can be incorrect. The moon is made of green cheese, is incorrect, but it is a positive statement because it is a statement about what exists.
How would you describe an accounting statement?
Accounting statements provide financial details concerning the operation of a business or other form of organization.
What summarize hawkeye belief concerning whether the Indians would attack again?
Do I expect a hungry wolf will satisfy his craving with a mouthful. This statement summarizes Hawkeye's belief concerning whether Indians would attack again in The Last of the Mohicans.
What statements summarizes Hawkeye's belief concerning whether the Indians would attack again?
Do I expect a hungry wolf will satisfy his craving with a mouthful. This statement summarizes Hawkeye's belief concerning whether Indians would attack again in The Last of the Mohicans.
What statement summarized hawkeye's belief concerning whether the Indians would attack again?
Hawkeye believed that the Indians would attack again as they were seeking revenge for the deaths caused by white settlers encroaching on their lands. He thought that the cycle of violence would continue unless there was a change in how both sides interacted with each other.
What are normative controls over the bureaucracy?
I would say normative controls are related to the culture inside an enterprise. I.e. what employees think is acceptable and not. See it as self control and social control.
Critically analysis of normative accounting theory?
if i know why would i look for this plz answer soon .
Why did the developing Church ban the Gnostic texts?
They were at odds with what would become normative belief
What is a ratio of corresponding side lenghts are proportional?
It is an example of a statement that is presented as a question with minimum of effort. Unfortunately, the minimum effort makes the question meaningless. There is no context given. As a result there are times when the statement within the question would be true and others when it would be false. Without the context it is impossible to tell and so it is a statement with no value whatsoever.
Would raising taxes on gasoline reduce automobile traffic in a nation highway be an example of a normative analysis?
No, it would be speculative analysis.
What statement is accurate concerning the Native Hawaiian and Pacific Islander population in 2000?
The largest Pacific Islander group was Native Hawaiians.
