On the Ballot in 4 States: Raising the Minimum Wage

The video discusses the impact of state and local elections on minimum wage laws, highlighting the differences between states with higher, equal, or lower wages than the federal minimum. It explores the ongoing debate among economists about the effects of raising the minimum wage on the economy, including job creation and potential price increases. The discussion sets the stage for future debates, particularly in the context of the 2016 presidential election, and considers the economic theories behind wage controls.

What are the four states mentioned that are voting on local proposals to raise the minimum wage?

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How many states had raised the minimum wage in 2015, even if the federal government did nothing?

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What are some arguments for and against raising the minimum wage according to the text?

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What does the text suggest about the impact of raising the minimum wage on job creation?

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What factors might influence how companies respond to an increase in the minimum wage?

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