Unit 1 Milestone 14

JPG

School

American Public University *

*We aren’t endorsed by this school

Course

BUSN311

Subject

Economics

Date

Nov 24, 2024

Type

JPG

Pages

1

Uploaded by streetmod28

Report
The CEO of a multinational retail corporation has decided to raise the minimum wage for its U.S. employees to three times the current federal minimum wage. The CEO explains that the company needs to provide its employees a living wage, regardless of what the law requires. According to Milton Friedman, did the corporation fulfill its duty? No, because the wage hike will drastically increase the & (o) corporation's liabilities and likely harm its stock price. Yes, because employees will now be able to afford to purchase O more of the company's products. O No, because the increase would not be good for the economy. Yes, because the corporation is going beyond what the government O requires it to do, in order to advance the public good.
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