Explaining The Minimum Wage

The video discusses the federal minimum wage in the US, highlighting its history, current status, and the debate surrounding its increase. It explains the differences in minimum wage across states and cities, with Seattle having the highest rate. The video also covers the historical context of the federal minimum wage, introduced in 1938, and legislative efforts to raise it. Arguments for and against increasing the wage are presented, including economic impacts and job loss concerns. The video concludes with a look at the demographic disparities among minimum wage earners.

Which city in the US has the highest minimum wage?

• San Francisco

• Seattle

• Washington, DC

• New York City

When was the federal minimum wage first introduced in the United States?

• 1945

• 1938

• 1929

• 1965

What was the initial federal minimum wage set at in 1938?

• $1.00 per hour

• $0.25 per hour

• $0.50 per hour

• $0.10 per hour

What is one potential negative economic impact of raising the federal minimum wage to $15 as projected by the Congressional Budget Office?

• Decrease in the federal deficit

• Increase in unemployment

• Reduction in inflation

• Decrease in consumer spending

Which demographic group makes up the largest percentage of minimum wage workers in the US?

• Teenagers

• Senior citizens

• Women

• Men