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 are the implications of raising the minimum wage according to the speaker's changed views?

Why does the speaker believe that raising the minimum wage could be a good policy despite potential adverse effects?