Almost twelve years ago I published a Google Document that outlines a personal economics simulation that I conducted in my classroom. For many years after that it was the most-requested Google Doc that I published. Then for the last few years I haven’t had any requests for it. In fact, I forgot that I had even published it. That changed this week when out of the blue I got a few requests for it. You can get a copy of my simulation, Life on Minimum Wage right here.
All of the jobs in Life on Minimum Wage are connected so that if one business slows production or closes, the workers of another business are also impacted. The goal here is to demonstrate the effects of a business closing on a small town’s economy.
Important notes before using this activity:
I created this activity twelve years ago and I have not adjusted it for inflation since then. You’ll probably want to do that.
Before you email me about the Browning rifle goal card, please understand that these were goals chosen by my students in a rural community in which hunting is often a family tradition. You’re welcome to change that card for use in your own classroom.