Birth of the Minimum Wage ESSAY

Birth of the Minimum Wage

This week, we are looking at government intervention in the free market. Governments may intervene for many different reasons, and this week we are mostly looking at price regulation. What should the government do if the price as determined by the free market for essentials like housing and food, if the free market price is too high for many people to afford? What if the wage as determined by the market is too low for people to get buy? These are the types of questions that we have been looking at this week.

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One of the most common forms of price regulation by government is in the low-skilled labor market, what we call the minimum wage. The city of Seatac voted to up the minimum wage for certain hospitality and airport employees to $15 an hour. Seattle latter voted to raise the minimum wage up to $15 per hour over the course of several years, and then in November, voters in Washington State approved a minimum wage of $13.50 (to be phased in over a period of years). But, where did the first minimum wage come from? The Planet Money team over at NPR decided to find out. Listen to the episode (18 minutes) and then comment on what surprised you, what you found interesting, what you think about the efforts locally to raise the minimum wage etc.

You can listen to the podcast, download the episode and get the transcript here:

http://www.npr.org/blogs/money/2015/02/11/385468357/episode-510-the-birth-of-the-minimum-wage (Links to an external site.)Links to an external site.

The play button is on the left side.

The maintenance of normal volume and composition of extracellular and intracellular fluids is vital to life. List and briefly describe the kinds of homeostasis involved.

2. Why does maintaining fluid balance in older people require a higher water intake than in a normal, healthy adult under age 40?

3. Why does potassium concentration rise in patients with acidosis? What is this called? What effects does it have?

4. Saline solution is used to reverse hypotonic hydration. Are body cell membranes permeable to saline? Explain your response.

5. Explain the renin-angiotensin mechanism.

6. Explain how ADH compensates for blood that contains too many solutes.

7. Briefly identify and discuss the characteristics of urine.

8. Briefly identify and discuss abnormal urinary constituents (i.e., substances in urine).

Remember to write your responses in APA format and include your references. This assignments must in your own words, no copying and lasting from different websites allowed.