
A Million Reasons to Raise the Minimum Wage
Optimist Economy
00:00
The Dynamics of Minimum Wage: Myths and Realities
This chapter explores the complexities of minimum wage, distinguishing between nominal wages and their real purchasing power impacted by inflation. It debates the implications of raising the minimum wage, addressing common fears of job loss and price increases while highlighting the positive effects on low-income workers. The discussion emphasizes worker empowerment, the importance of historical context, and advocates for indexing minimum wage to earnings to ensure relevance in a changing economy.
Transcript
Play full episode