Why is America's Minimum Wage So Low - TLDR News

The video discusses the US federal minimum wage, its comparison with other countries, and the debate over raising it. It highlights the variations in state minimum wages, the impact of tipping culture, and the economic theories surrounding wage increases. The video also explores the historical and political challenges in adjusting the minimum wage, emphasizing the need for a systematic approach to wage adjustments.

What is the current federal minimum wage in the United States?

• $12.50

• $15.00

• $7.25

• $10.00

Which US location has the highest minimum wage?

• California

• DC

• New York

• Washington

How does the US minimum wage compare to that of Australia and Luxembourg?

• Not applicable

• Equal

• Lower

• Higher

What is a unique aspect of the US wage system that affects tipped employees?

• No tipping

• Mandatory tipping

• Higher base wage

• Equal pay for all

What was the proposed federal minimum wage increase discussed during President Biden's term?

• $10

• $12

• $20

• $15

What was the outcome of the study comparing New Jersey and Pennsylvania regarding minimum wage increases?

• Employment fluctuated

• No change in employment

• Employment increased

• Employment decreased

What is a key argument against raising the minimum wage to $15?

• It will increase inflation

• It will reduce poverty

• It will cause job losses

• It will boost the economy

What percentage of minimum wage workers fall below the poverty line according to a 2017 report?

• 20%

• 30%

• 10%

• 40%

How often does the US typically raise the minimum wage?

• Every 20 years

• Every 10 years

• Every 5 years

• Every year

What is a major difference between the US and other countries like France and Australia regarding minimum wage adjustments?

• US has a fixed system

• US adjusts more frequently

• Other countries never adjust

• Other countries tie wages to inflation