Jacob Vigdor, an economist at the University of Washington, shares insights from his Seattle study on minimum wage increases. He discusses the paradox of rising wages yet reduced hours worked, igniting a fiery debate on the federal minimum wage. Listeners learn about the historical context and complexity surrounding a proposed $15 wage. The conversation touches on how higher wages might lead to job losses, automation, and differing impacts on various worker demographics. Vigdor sheds light on the broader implications for poverty alleviation amidst the economic chaos.

London Breed, the Mayor of San Francisco, shares insights on the city's housing crisis and challenges during the pandemic. Urban economist Jacob Vigdor explores the complexities behind skyrocketing rent, emphasizing landlord-tenant laws. Dan Doctoroff, former NYC deputy mayor, discusses innovative construction technologies aimed at reducing housing costs. Together, they examine the intricate interplay of demand, regulatory constraints, and historical factors making affordable housing elusive in urban settings, shedding light on solutions and the future of city living.