2min chapter

Freakonomics Radio cover image

460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

What's the Net Effect of the Higher Minimum Wage?

In twenty 14, seattle's minimum wage was nine dollars and forty seven cents an hour. The new law gradually increased it to fifteen dollars by 20Twenty-one. We see evidence that when the minimum wage goes up, ours decline. These declines in hours work were primarily driven by whether a business was busy or not....

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