Krugman: Raising the Minimum Wage Is Still Good Policy

The video discusses the concept of 'real America' and its political implications, highlighting the erosion of Democratic support among certain voter groups, particularly due to racial issues. It also delves into the debate over raising the minimum wage, presenting evidence from various studies and natural experiments that suggest minimal adverse effects on employment. The discussion includes differing views on the appropriate level for the minimum wage, considering regional economic differences.

What is a major factor influencing voting patterns according to the discussion on 'real America'?

• Education level

• Geographical location

• Racial antagonism

• Economic policies

What economic issue is highlighted as affecting American workers, particularly white workers?

• Increase in taxes

• Decline in manufacturing

• Rise in healthcare costs

• Lack of education

What has recent research shown about the effects of raising the minimum wage?

• It causes businesses to close

• It significantly reduces employment

• It has no measurable adverse effect on employment

• It leads to inflation

What is a concern for small business owners regarding raising the minimum wage?

• More regulations

• Higher taxes

• Inability to pay higher wages

• Increased competition

What is a suggested maximum for the minimum wage according to some economists?

• $30

• $20

• $15

• $10