Ava states, "If raising the minimum wage to $10 an hour is good, like Senator Largess suggests, then raising it to $20 an hour would be twice as good." Is Ava correct? Why or why not?

The minimum wage is a price floor that causes unemployment when it is established above the market-clearing wage for unskilled workers. If the equilibrium wage in this market is $4 an hour and the minimum is $10, workers who aren't worth at least this much to the firm will not be hired. If it is raised to $20, even fewer workers will find jobs. We could suggest that raising the minimum wage is bad, but it would be hard to say that raising it to $20 would be twice as bad. Bads are hard to quantify, and all of this is beyond the value-free world of positive economics. Raises of this nature in the minimum wage will increase unemployment. It is up to the individual to decide if this is good or bad.