The Reason Roundtable 2024's Most Undercovered Stories
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Dec 30, 2024 Editors discuss undercovered political stories, like California's minimum wage hike and its economic implications. They explore global events, focusing on Bitcoin's legal tender status in El Salvador amid authoritarian measures. Health care policy nuances and challenges in international systems are highlighted, alongside breakthroughs in HIV prevention with innovative medications. The conversation also touches on cultural quirks, the evolution of Bitcoin towards acceptance, and the libertarian themes presented in the film 'Rebel Ridge,' promoting a deeper understanding of these vital narratives.
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Fast Food Automation
- California raised minimum wage for fast food workers to $20/hour, leading to some immediate effects.
- One example is El Pollo Loco automating its salsa making.
Minimum Wage Concerns
- Minimum wage increases face a core problem: mandated wages may exceed worker productivity.
- Continuously raising minimum wage without considering worker output is problematic.
Circuit Board Cleaning
- Nick Gillespie's favorite minimum wage job involved cleaning circuit boards with harsh chemicals.
- Acetone and lava soap were necessary to remove the residue after this task.