What Do You Think About Minimum Wage Increases?

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A minimum wage increasehs, put people out of work. But i think jobs are very import and i would look for different ways to raise wages. Productivity is cumulative. It's won off. You know, ultimately it will be chipped away by inflation or other factors. And so how does that change in terms of a democracy? If you have a large voting block of people who who maybe don't save, and view the social system as being a safety net? Now, li, how do you foresee that playing out over the next hundred and 20, 30 years? Will you become more dependent on foreign capital? The nation is, in some regards, mortgaging its future.

There are only a handful of websites that I read religiously. One of those is MarginalRevolution.com, started by my next guest, Tyler Cowen.

Other than hosting one of the most popular economic blogs in the world, Tyler is also an economics professor at George Mason University, a regular New York Times columnist, and the author of over a dozen books, including Average is Over, and The Complacent Class.

With such a prolific guest, it’s no wonder that we cover a lot of ground. In this episode, we discuss:

How the future of labor will look drastically different than it does today, and what we can do to future-proof our livelihood
The pros and cons of virtual reality and the impact it could have on society
The fate of newspapers and how information will be more and more “bundled” according to our tastes and preferences
Race relations in the world, and how in many ways we’ve taken discouraging steps backwards
How we’re losing touch with the physical world, and some of the symptoms that indicate that we could be in for a rough ride
What Tyler suggests doing to improve decision making and how important (and rare) that skill will be in the coming years
Tyler’s advice to parents about how to foster resilience, tenacity and internal drive in their children
Tyler’s “quake books” and the reading process he’s developed over the years that keeps him sharp
Why giving books as gifts can be dangerous
The one skill every person should possess before Googling anything
What playing competitive chess as a child taught Tyler about how he thinks and views the world today

And much more, including Tyler’s thoughts on minimum wage, bitcoin, and his favorite television programs.

If you want to upgrade your thinking so you’re prepared for the brave new world that’s rapidly developing before our eyes, you won’t want to miss this fascinating episode.

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