Price Floor and Price Ceiling and minimum wage

Minimum Wage is a frequent topic of political debate. Analyze the pros and cons of such a policy using the relevant theoretical construct.(Price Floor and Price Ceiling)。 Illustrate your arguments with empirical (real world) examples. Compare with other states or cities or provide an International comparison with a country of your choice where Minimum wage exists/or existed in the past. Provide graph or charts.
Introduction The essay should begin with an introductory paragraph outlining the problem and defining whatever needs to be defined.
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