2min chapter

Freakonomics Radio cover image

460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

Is There a Reason to Increase the Minimum Wage?

i can see a very reasonable argument for providing some tax credits, some assistance to small restaurants and hospitality sector. i think there's a reasonable argument to stretch out the phasingp t to make sure that there's not very large increases while the economy's recovering from the pandemic. In new york city, which has raised the minimum wage, and its affected restaurants, you hear this very complicated complaining game where people complain that restaurant workers are underpaid. And then they raise the prices and then the customers stop going there, and the restaurant goes out of business,. Everybody's left to blame everybody else....

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode