Here’s What Would Happen If We Raised Minimum Wage | Business Insider Explains | Business Insider

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.

MORE BUSINESS INSIDER EXPLAINS VIDEOS:
The Rivalry Between Tech Billionaires Bill Gates And Steve Jobs | Business Insider Explains

Musk Lawsuits Explained | Business Insider Explains | Business Insider

I Tried To Kill My Smartphone Addiction With A Dumb Phone. Here’s How It Went. | Business Insider

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

——————————————————
#minimumwage #economy #businessinsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.

Visit our homepage for the top stories of the day: https://www.businessinsider.com
Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/insiderbusiness Business Insider on Twitter: https://www.twitter.com/businessinsider
Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143
Business Insider on TikTok: https://www.tiktok.com/@businessinsider

Here’s What Would Happen If We Raised Minimum Wage | Business Insider Explains | Business Insider