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PUB3703 Assignment 4 Semester 1 2024 - DUE 30 April 2024
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PUB3703 ASSIGNMENT4 SEMESTER 1 2024 -
DUE 30 APRIL 2024
[Company address]
, PUB3703 Assignment 4 Semester 1 2024 - DUE 30 April
2024
With the use of any current public policy,
a)Analyse the reasons for policy evaluation.(50)
Analyzing Reasons for Policy Evaluation: The Case of Minimum Wage
Let's dissect the reasons for policy evaluation using a current public policy example:
minimum wage.
Minimum wage laws set a floor for how much employers must pay their workers. It's
a policy with strong opinions on both sides. Regularly evaluating its effects is crucial.
Here's a breakdown of why we evaluate policies like minimum wage:
• Effectiveness: Does the policy achieve its intended goals? In minimum wage's
case, this could be questions like:
o Did it raise wages for low-income workers?
o Did it reduce poverty?
• Efficiency: Is the policy achieving its goals in the most cost-effective way?
Minimum wage evaluation might ask:
o Did it lead to job losses for some workers?
o Did it strain small businesses?
• Equity: Does the policy have unintended consequences that disproportionately
affect certain groups? A minimum wage evaluation could look at:
o Did it widen the skills gap between high-skilled and low-skilled
workers?
o Did it hurt teenagers or young adults trying to enter the workforce?
• Learning and Improvement: Evaluation helps us understand the policy's impact
and use that knowledge to improve it. For minimum wage, this might mean:
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