Discuss the advantages and disadvantages of the following three alternatives for dealing with the rising inequality of wages. 1. Increase the minimum wage each year so that wages for unskilled workers...

Discuss the advantages and disadvantages of the following three alternatives for dealing with the rising inequality of wages.

1. Increase the minimum wage each year so that wages for unskilled workers rise as fast as wages for skilled workers.

2. Subsidize the wages of unskilled workers.