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E47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
All-In with Chamath, Jason, Sacks & Friedberg
The Minimum Wage and the Inflationary Effect
i made four dollars and 25 cents an hour in 19 96 as my first job, cleaning and cleaning a pool. When i started in the work for is in eight, eight it was two, 50. And so thisis kind of one economic theory on u b i, is that it can actually just end at being, within ten years, completely useless and pointless. I do think we need to subsidize folks. But, you know, i think maybe it's probably just a fancy, your word for welfare. Anywere ithink people, i think people don't know what they want, and if they get it, they're going to um, i think the overlook a form
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