Pros and Cons of Minimum Wage

Requirement 1: Analyze the pros and cons of raising the minimum wage. What position do you support for our economy and explain your reasoning?
Requirement 2: What are examples of fixed and variable costs in a fast food restaurant? How do you think a firm will be able to maximize their profits if the economy starts to go into a recession?
Must be at least 500 words and APA format
You may not use any quoted material even if sources are cited. Please make sure all posts are written entirely in your own words.