MUST PICK A SIDE.

  Because I was instructed that I MUST pick a side on whether or not I agree that raising the minimum wage up to $15.00 would be more beneficial or not, I honestly believe that it would not be more beneficial to do so. I believe that it would be silly to raise the minimum wage up to $15. "As I say, this is simply an absurd demand. There would be very large unemployment effects from such a raise meaning that many people would simply lose their jobs." (Tim Worstall, Forbes.com) I agree with Worstall. Because businesses would have to raise the amounts they pay, they would have to take away jobs, and only keep the people that they need and that are the most skilled of their workers. This would cause people to lose their jobs, therefore decreasing the amount of people with jobs and raising the poverty line. "The proposal for a $15 an hour minimum wage will make the minimum wage 90% of the median hourly wage: at which point we know very well that we’ll be harming low income workers, not aiding them." (Tim Worstall, Forbes.com)

Also, this could possible affect me at my age. "When the government increases the minimum wage, it’s more expensive to hire first-timers. According to David Neumark and J.M. Salas, University of California economists, and William Wascher of the Federal Reserve Board, “minimum wages tend to reduce employment among teenagers." (Rockland Times)

Also, better research has shown that raising the minimum wage would only hurt the economy rather than help. "Perhaps this is understandable — proponents don’t have many good studies to hang their hats on. The vast majority of economic research (including 85 percent of the best studies from the last two decades) points to job losses rather than job gains after a minimum-wage hike."(epionlineine.org) 










http://www.forbes.com/sites/timworstall/2013/09/01/the-absurdity-of-a-15-minimum-wage/

http://www.epionline.org/oped/minimum-honesty-on-minimum-wage/

http://www.rocklandtimes.com/2013/02/07/the-pros-and-cons-to-upping-minimum-wage/

lalalalalalala (:

STOCK: A stock is a share of a company. You can use it to make money, so when the stock value goes up that's when you make your money, and when the stock value goes down you lose money. 
DIVIDEND: I'm not actually sure what a dividend is. But I think is has to do with the company paying the shareholder for some reason. 
TRADE: A trade is when you buy a stock and only plan to keep it for a short amount of time. A trade doesn't generally make as great of a value as investments, but trades are normally to buy when you know that there is going to be a drastic increase in value due to a special event or something, then you get rid of the stock after you make the money you were expecting, or in some cases more or less. 
CATALYST: A catalyst is anything that can affect a stock either positively or negatively. You mostly use them to make money in the stock market, but it can either increase or decrease the values of your stocks depending on the circumstances. 

NINE CENTS

The total value of one cup of my lemonade is nine cents.

VARIABLES:
number of lemons in a pitcher
cups of sugar in a pitcher
number of ice cubes in a cup
price you sell the cups for
number of people that walk by your stand
weather

CONSTANTS: 
where you are selling the lemonade
cups per pitcher

PERISHABLES:
lemons
ice
sugar

What I got from it: I learned of the importance of variables, constants,and perishables and there roles in being successful in the lemonade stand game. And those same things are important in having a successful businesses. I learned that it isn't very easy to please everybody, and that there is a lot that plays into having a business that I hadn't ever thought of before.