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Is California’s minimum wage hike a mistake?

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Is raising the minimum wage a good tool to help low-income workers achieve upward mobility?
That's the key question at the heart of the debate over California's new $20 an hour minimum wage law for fast food workers. Economist Beth Akers joins host Nic Dunn to discuss the arguments on both sides and explore the unintended consequences of this policy. They explore the impact this new law is having on businesses, articulating a principled approach that's both pro-free enterprise and pro-upward mobility. Beth is a senior fellow at the American Enterprise Institute and a contributor to Defending Ideas.
Show notes:
Beth Akers - Sutherland Institute sutherlandinst...
Half a million California workers will get $20 minimum wage, starting today: NPR www.npr.org/20...
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise - WSJ www.wsj.com/bu...
California’s New Minimum Wage Law Will Bring Higher Pay To Fast-Food Workers, Along With Unintended Job Losses (forbes.com) www.forbes.com...

Опубликовано:

15 апр 2024

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Комментарии : 5

@donaldmaxie5264 3 месяца назад

Apparently raising the minimum wage was a great idea to reduce the number of working poor and increase the number of non-working poor.

@spiderchan510saephan4 4 месяца назад

Y would someone go n get trained n certified n only make 2 dollars more. Bad investment

@Ghoxtfire 4 месяца назад

because you start with $2 more but you can keep going up in the chain good investment

@yoshiramar1992 3 месяца назад

$20hr is only 40k a year. *you have to work for 80 years in order to buy a home to live in their not including interest* renting a place to live is just about that alone in CA where the wedge is 20. so it sounds like a lot but its just enough money to live in your car or on the street. because 40k a year doesn't cover utilities or even the car payment on a used car.

@pabloconcepcion3971 3 месяца назад

No one is bound by the minimum wage that was an extremely biased statement everyone has the freedom to quit and pursue other jobs it’s literally laziness that keeps most people from punching thru the minimum wage there should be no reason at all McDonalds works should be making 20 dollars an hour all your doing is inflating jobs and potentially getting the current employees fired and replaced by technology which is rapidly becoming more reliable good luck defending this stance.