2min chapter

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460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

The Federal Minimum Wage Is a Bad Policy to Reduce Poverty

More than half of poor families have zero workers. The vast majority of people who don't work aren't holding out for a higher wage. A fifteen dollars an hour minimum wage would be roughly the same as the medium wage, which means something like fifty per cent of all workers in those states would be effected. Why are small business owners the ones who have to pay to fix this problem?...

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