How to Reform Economic Inequities and Invest in the Next Generation

The video discusses the juxtaposition of statistics, highlighting issues with Harvard's endowment growth and student admissions. It explores the disparity between minimum wage and capital growth, suggesting that minimum wage should be linked to capital appreciation. The video also examines Social Security challenges, proposing means testing and age adjustments. It highlights the economic impact of an aging population, emphasizing the need for forward-leaning investments. Finally, it proposes a federally mandated minimum wage of $25 per hour, arguing that it would stimulate economic growth despite potential impacts on businesses.

What is highlighted as a major issue when comparing Harvard's endowment growth to student admissions?

• The decrease in endowment funds

• The rise in tuition fees

• The disparity between endowment growth and student admissions

• The increase in student admissions

What is suggested as a more just way to determine minimum wage growth?

• Linking it to the rate of capital appreciation

• Linking it to government spending

• Linking it to inflation

• Linking it to average wages

What is one proposed change to Social Security discussed in the transcript?

• Eliminating Social Security entirely

• Increasing the Social Security tax rate

• Implementing means testing

• Reducing benefits for all

Why is the current Social Security contribution cap considered problematic?

• It is not adjusted for inflation

• It is too high for low-income earners

• It does not apply to wealthy individuals

• It increases the deficit

What is a significant economic challenge posed by an aging population?

• Reduced government spending on seniors

• Crowding out of investments in education and technology

• Higher investment in technology

• Increased productivity

What is the proposed federally mandated minimum wage discussed in the transcript?

• $30 per hour

• $25 per hour

• $20 per hour

• $15 per hour

What is a potential consequence of raising the minimum wage to $25 per hour?

• Reduction in government revenue

• Increase in unemployment

• Economic growth in states with higher wages

• Decrease in consumer spending