Episode 22: Why Your Friends are Wrong About Minimum Wage

Finance Essentials

English - February 11, 2021 02:35 - 38 minutes - 34.8 MB - ★★★★★ - 6 ratings
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Previous Episode: Episode 21: Wade Riley - Hancho Executive Search Group

Next Episode: Episode 23: Interview with Larry Sharpe

In this episode we discuss the policy that everyone has been talking about...the minimum wage! We give a brief history, then we dive into what the goal the government is trying to achieve by increasing the minimum wage. We give examples of minimum wage and what the effective minimum wage would be if it was set at $15 an hour per state. Let's just say I hope you're not listening from Puerto Rico!

Show Notes:

Why a $15 Federal Minimum Wage Would Be a Terrible Policy
https://fee.org/articles/why-a-15-federal-minimum-wage-would-be-a-terrible-policy/

University of Washington Study
https://evans.uw.edu/wp-content/uploads/files/two%20page%20overview.pdf

National Bureau of Economic Research
https://www.nber.org/papers/w28388?utm_campaign=ntwh&utm_medium=email&utm_source=ntwg2

Puerto Rico's Effective Minimum Wage Would Be $68/Hour Under Biden Plan
https://fee.org/articles/puerto-ricos-effective-minimum-wage-would-be-68hour-under-biden-plan/

National Bureau of Economic Research - Puerto Rico
https://www.nber.org/system/files/chapters/c6909/c6909.pdf