HM
Higher minimum wage
TopicExpert statements
3
2 positive
What experts have said about Higher minimum wage
3 statements · 2 positive · 1 mixed
Modestly raising minimum wages causes under 2% job losses and 1–3% burger-price increases.
“The number of jobs lost a pass along inflation to consumers when they buy their hamburger. It winds up being you lose less than one or 2% of jobs, you lose less than 1 or 2% of jobs to automation and the price of a burger goes up 1, 2 or 3%.”
Open the episode · China wants you to cheer for the robots taking your job | E2329Listen at 51:07
Higher low-end wages increase consumer spending and monetary velocity.
“They can buy another latte, they can join Amazon prime. They can get their own Netflix account and not be sharing a Netflix account. Instead of stealing stuff, you know, pirating stuff, whatever, they can go buy it themselves. It's good for capitalism. It's good for monetary velocity.”
Open the episode · China wants you to cheer for the robots taking your job | E2329Listen at 57:53
A higher minimum wage is not inherently harmful.
“higher minimum wage is not the worst thing in the world.”
Open the episode · #2539 - Protect Our Parks 17Listen at 3:07:26
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