IB 2012 Posted June 27, 2011 Report Share Posted June 27, 2011 Hey everyone!!!i am writing my econ commentary on minimum wage and I was wondering if I might include a lorenz curve to show that through minimum wage there would be better income distribution? do you guys think that would work, does it make sense?Oh and one more question. What could the different stakeholders be that I could talk about?THank you!!!! Reply Link to post Share on other sites More sharing options...
dessskris Posted June 27, 2011 Report Share Posted June 27, 2011 it all depends on what exactly are discussed in your article.does the article mention unemployment? what happen to the minimum wage? is it like, changing (increasing/decreasing)? then I suggest you to draw the unemployment graph (don't know what it's called, was absent when my teacher taught my class unemployment).if your article mentions income distribution at all, yeah you may want to include Lorenz Curve. (although I'm not sure if it works. anyhow I'm just a slow SL student here)the different stakeholders, as I said it depends on your article. what's mentioned? is there any good/service mentioned? think about consumers, producers and the government (if any is related to the problem in your article) Reply Link to post Share on other sites More sharing options...
master135 Posted July 1, 2011 Report Share Posted July 1, 2011 If your article/commentary is about minimum wage as a price control then some stakeholders should be the employers, labor force, government/taxpayers, etc. Reply Link to post Share on other sites More sharing options...
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