Merits And Pitfalls of a $15 Minimum Wage

The transcript discusses the proposal to raise the minimum wage to $15 an hour, highlighting its potential benefits and drawbacks. It notes that while the increase could lift many workers out of poverty, it might also lead to job losses. The discussion includes perspectives from state actions, corporate leaders like Walmart's CEO, and economists who express concerns about the timing of such a wage hike during economic recovery.

What is the proposed minimum wage mentioned in the text?

How many states and the District of Columbia have already taken action to raise minimum wages?

What are some concerns raised by critics regarding the increase in minimum wage?

What impact does the Congressional Budget Office predict the increase to $15.00 an hour could have on jobs?

What does the CEO of Walmart suggest regarding the minimum wage?