What You Missed: Minimum Wage Economics 101
February 24, 2014
206
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2:00Now PlayingWhat You Missed: Minimum Wage Economics 101
YouTube Description
as posted by the channelThe debate over raising the minimum wage turned into a political firestorm this week after the non-partisan Congressional Budget Office (CBO) released its estimates on the cost of raising the federal minimum from $7.25 an hour to $10.10. According to the CBO, a higher minimum wage would boost the incomes of most low-wage workers but could cost nearly half a million jobs. Greg Ip of The Economist breaks down the economics behind a minimum wage hike
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