The Dayton Regional STEM School Local Economics Podcast Project

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This podcast is a compilation of projects completed by the 11th Grade Economics Classes as they study the local economy. The podcasts represent student research of stories in which macro and microeconomic topics converge in the real world. © All podcasts are the property of the authors and may be redistributed with credit given to The Dayton Regional STEM School.

  1. 05/16/2016

    Ryan Looks at the Effects of Raising the Minimum Wage on Businesses and Consumer Prices

    In this podcast, Ryan explains how a minimum wage of $8.10 will effect a slower growth of CPI than a minimum wage of $10.00 because businesses don’t have to pass that extra cost on to their customers, and it allows businesses to use that money that would otherwise be paid to employees to expand their company and employ more people. Resources: Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522. http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&903=76 http://www.bls.gov/oes/CURRENT/oes_OH.htm#00-0000 Articles: http://www.daytondailynews.com/news/business/economy/brown-wants-to-raise-minimum-wage-to-15-but-doubts/npKmL/ Meer, J., & West, J. (2016). Effects of the Minimum Wage on Employment Dynamics. Journal Of Human Resources, 51(2), 500-522.

  2. 05/16/2016

    Kayla Cindric Discusses How Increasing the Minimum Wage to $15 will affect Employers

    In this podcast, Kayla Cindric discusses minimum wage and how increasing the wage to $15.00 would affect the Dayton area. She interviewed, Jeremy Lutz, and employer who hires people to clean buildings and repair them and who understands how the increase of minimum wage will affect the economy in Dayton. The topic of the effects of increasing minimum wage was researched and opinions were formulated about the issue. Increasing minimum wage has benefits and negative effects for different positions in this economy. Resources: http://www.bizjournals.com/dayton/news/news-wire/2014/03/06/do-most-small-business-owners-really.html http://www.bizjournals.com/dayton/news/2015/08/21/guest-column-wage-issues-a-concern-fordayton-area.html http://www.bizjournals.com/bizjournals/washingtonbureau/2014/02/18/minimum-wage-increase-could-cost.html   http://www.heritage.org/research/factsheets/2014/01/facts-about-the-minimum-wage Articles: http://www.bizjournals.com/dayton/stories/1998/04/06/story6.html?s=print

  3. 12/18/2015

    Drewing, Horton, Abridge Study the Effects of Increasing Minimum Wage

    In this podcast, Shetasia Akridge, Lauren Drewing, and Christina Horton express their views and findings on the possibility or option of raising the federal minimum wage to $15 an hour. Their main focus is on how small businesses, including the employers and the employees, will be negatively affected. They interviewed Raymond Good, a local small business owner, about his personal perspective on the issues concerning the minimum wage and how his company could be affected by it. Overall, these group members learned that raising the minimum wage could have more negative results for employees of small businesses that are in a field with less profit and benefit from using automated equipment. This topic shows that the factors that they thought would be a simple adjustment are more complicated and daunting than they could ever imagine.  Resources:  http://data.bls.gov/timeseries/LNS14000000 http://www.nsba.biz/wp-content/uploads/2012/05/Minimum-Wage.pdf Articles:  http://manufacturingnews.com/news/10/0112/GM.html  ohiolmi.com/ces/lmr.html http://www.usnews.com/opinion/articles/2013/05/10/raising-the-minimum-wage-will-harm-economic-growth

  4. 12/18/2015

    Melonie and Jake Look at Raising the Minimum Wage Above $10 Per Hour

    In this podcast, Jake and Melonie investigate how raising the federal minimum wage above $10 would affect small business, their employees, and the Dayton area. While investigating, Jake and Melonie interview Dan Young, the owner Young's Dairy in Yellow Springs. Although they expected their results, Jake and Melonie realized how complex this issue really can be.  Resources:  https://www.sba.gov/content/understanding-small-business-activity-state-level-0 https://www.sba.gov/category/advocacy-navigation-structure/frequently-asked-questions-about-small-business-finance http://ohiolmi.com/laus/ColorRateMap.pdf http://www.patchworknation.org/bankruptcies-per-1000-people,-2010_44 http://www.daytondailynews.com/news/business/98-percent-of-ohio-businesses-are-small-businesses/njHQ4/

  5. 12/18/2015

    Ben, Connor, and Keshawn look at Raising Minimum Wage to $15 in Dayton and the Effect on Unemployment Rate.

    The following is a podcast that covers the topic of raising the minimum wage to $15. We researched the following topic using these websites: http://www.daytondailynews.com/news/business/economy/brown-wants-to-raise-minimum-wage-to-15-but-doubts/npKmL/ and https://mises.org/library/yes-minimum-wages-still-increase-unemployment. To get thorough research and a good point of view on this topic, we interviewed a local dentists who owns his own dentistry.  Research: http://www.bls.gov/opub/ted/2014/ted_20140403.htm http://www.bls.gov/cps/cpsaat44.htm Articles:  http://www.daytondailynews.com/news/business/economy/brown-wants-to-raise-minimum-wage-to-15-but-doubts/npKmL/  https://mises.org/library/yes-minimum-wages-still-increase-unemployment

  6. 12/18/2015

    Orlando and Johnson look at Raising Minimum Wage to $15 in Dayton

    In this podcast, Orlando and Alan discuss raising the minimum wage to fifteen dollars an hour, as well as interview two custodial staff at DRSS and then discuss their point of view. Research Link:  https://www.cbo.gov/publication/44995 News Articles: http://thinkprogress.org/economy/2014/02/18/3303201/cbo-minimum-wage/  http://www.nytimes.com/2015/08/13/upshot/what-a-15-minimum-wage-would-mean-for-your-city.html?_r=2

  7. 07/06/2015

    Trey Guy how have gas prices affected consumer spending?

    How has falling gas prices affected the revenue of a business? How has gas sales changed since gas prices fell? How has gas prices affected consumer spending on other products? In this podcast we will be looking into these very questions to try to find an answer during this podcast.

  8. 06/22/2015

    Sydney on the impact of Genetically Modified Organisms

    This podcast looks at how Genetically Modified Organisms affect small farms and farmer's markets, as well as the future of Ohio's agriculture industry. https://ofbf.org/education-and-reference/faq/ http://www.naturalnews.com/031817_GMOs_seeds.html http://www.card.iastate.edu/publications/DBS/PDFFiles/10wp503.pdf

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This podcast is a compilation of projects completed by the 11th Grade Economics Classes as they study the local economy. The podcasts represent student research of stories in which macro and microeconomic topics converge in the real world. © All podcasts are the property of the authors and may be redistributed with credit given to The Dayton Regional STEM School.

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