From Business Insider.
The federal minimum wage has been stuck at $7.25 since 2009. Democrats want to raise it, but business leaders say it will tank the economy. Here’s what’s at stake.
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CHAPTERS:
00:00 – Intro
00:33 – The First Minimum Wage Is Set
00:42 – State Minimum Wage Vs. Federal Minimum Wage
00:57 – Businesses Pay Workers More Than Minimum Wage
01:29 – Why Advocates Want To Raise Minimum Wage
01:55 – How Seattle Raised Minimum Wage
02:08 – Results Of Minimum Wage Hikes On Jobs
02:32 – The Congressional Budget Office Minimum Wage Calculator
03:00 – How A Minimum Wage Hike Could Impact Prices
03:15 – How Much We Should Raise Minimum Wage
03:57 – Credits
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Here’s What Would Happen If We Raised Minimum Wage | Business Insider Explains | Business Insider