Does Raising the Minimum Wage Help or Hurt Workers? 💰

President Biden aims to increase the federal minimum wage to $15 an hour. But what does the latest research say about how this change impacts workers and the economy? Find out the facts behind the debate.

The Economist295 views9:32

About this video

Joe Biden has pledged to raise America's national minimum wage to $15 an hour. Economists traditionally believed that minimum wages actually hurt workers, but recent research has led to a rethink.

Sign up to The Economist’s newsletter to stay up to date: https://econ.st/3tgaHl5

Find all of our finance and economics coverage: https://econ.st/3pujLQM

Why does low unemployment no longer lift inflation? https://econ.st/3j8sWEj

Why a surge in inflation looks unlikely: https://econ.st/3oHqMg7

What the Big Mac index tells you about currency wars: https://econ.st/3as0ysH

Read our special report on the world economy: https://econ.st/3j78Qdy

Economists are turning to culture to explain wealth and poverty: https://econ.st/3oGhu3Y

What is the economic impact of the latest round of lockdowns? https://econ.st/3j77Aak

Could the pandemic cause economists to rethink welfare? https://econ.st/36AgoR7

Why governments can borrow more than was once believed: https://econ.st/3oKO6cG

Why Joe Biden’s proposed stimulus is too big: https://econ.st/2YMyMSl

Will President Biden’s fiscal stimulus overheat the American economy? https://econ.st/36zXLfP

How quickly will America’s labour market recover? https://econ.st/3tkg5n1

How wage gains for low earners helped to sustain America’s economic expansion: https://econ.st/3aqwBsX

Video Information

Views
295

Total views since publication

Duration
9:32

Video length

Published
Feb 5, 2021

Release date

Related Trending Topics

LIVE TRENDS

This video may be related to current global trending topics. Click any trend to explore more videos about what's hot right now!

THIS VIDEO IS TRENDING!

This video is currently trending in Spain under the topic 'g'.

Share This Video

SOCIAL SHARE

Share this video with your friends and followers across all major social platforms including X (Twitter), Facebook, Youtube, Pinterest, VKontakte, and Odnoklassniki. Help spread the word about great content!