Summers & Hubbard on a $15 Minimum Wage: Roundtable Responds

The transcript discusses the implications of raising the minimum wage to $15, highlighting potential job losses and poverty reduction. Alternatives like increasing the Earned Income Tax Credit (EITC) are considered. The conversation also touches on economic principles, emphasizing that full-time workers should not live in poverty. The discussion shifts to managing the national deficit, with a focus on strategic investments during the pandemic, stressing the importance of using borrowed funds for high-return investments.

What are the potential job losses associated with raising the minimum wage to $15.00 an hour?

How does the text describe the relationship between the minimum wage and poverty?

What concerns are raised about employers' responses to a higher minimum wage?

What alternative solutions to the minimum wage increase are suggested in the text?

What is the significance of the Earned Income Tax Credit (EITC) in the context of this discussion?

What is the main argument regarding the principle that no full-time worker should live in poverty?

How does the text suggest we should approach the issue of government spending and deficits?