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.

What was the federal minimum wage set at when it was introduced in 1938?

How many times has the federal minimum wage been increased since its introduction?

What are some arguments made by proponents of a higher minimum wage?

What is the projected impact of a $15 minimum wage on jobs according to the Congressional Budget Office?

What percentage of minimum wage workers are women?