Q Case 11 Living Wage Assignment Be sure you have read Chapters 1 and 2 in your text and studied the PPT presentations, prior to preparing this case analysis. The Case can be found in your text pp. 431-440. Answer each of the following discussion questions giving some thought to both the information provided in the case and the text models and concepts introduced in Chapters 1 and 2. Responses to each question should be 1-2 paragraphs fully proofread with clear writing. Each question is worth 10 grading points. To earn 10 points per question your answer must be fully thought out, merging data from the case with concepts applied from the text to provide sound, supported arguments for your position. The grading scale you will see in the rubric for this assignment has 10 points Excellent (demonstrates all elements - fully thought out and proofread, merges data from the case to accurately apply concepts). Based on missing elements andor writing issues, points are deduced so 8 points is Good, 6 is Needs improvement, and 4 points is Unacceptable Assigned Discussion Questions 1. Chapter 2 of your text cites the statement by Adam Smith that “workers should be paid wages that allow them to support themselves in dignity”. Based on what you read in this case do you believe the federal wage standards meet his standard 2. If there are adults willing to work for you at the minimum wage rate, should you pay the minimum wage in order to maximize your profit (and shareholder returns), or a rate capable of providing a reasonable standard of living Why 3. If your state mandated a living wage-sized increase in the minimum wage, which stakeholders would be positively impacted Which would be negatively impacted List out each of these stakeholder groups and give a short explanation (1-2 sentences) for each. 4. How much more than minimum wage should a B-Corporation pay employees in order to get credit for ethical employee compensation What factors should go into determining the “ethical” wage 5. Although living wage opponents often argue that the majority of people earning minimum wage are young (without dependents or living with their own parents), studies have shown that this is not necessarily true. How do education and class impact the living wage argument Attach your assignment as a .doc, .docx or .pdf file. Use lastname.5307Case11 as your file name. Put your name and page # as a header to your document. Type out each question (or cut and paste from document below) and then respond - this makes it clear which question you are addressing and also helps you remember to address each portion of the question, as most are multi-part.