Activity 01
Role-Play: Small Business Negotiation
Divide class into business owners, workers, and economists. Business teams budget with current vs raised minimum wage, calculating profit changes. Workers argue for living wage needs. Economists present data on employment effects. Groups present compromises after 20 minutes.
Analyze the trade-offs a minimum wage increase creates for small businesses.
Facilitation TipDuring the Small Business Negotiation role-play, assign clear roles (owner, employee, customer) and provide a simple cost-revenue sheet to guide negotiations.
What to look forPose this question to the class: 'Imagine you own a small independent bookstore. The government announces a 10% increase in the minimum wage. What are the top two challenges you anticipate facing, and what is one strategy you might consider to address them?' Facilitate a class discussion where students share their reasoning.