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The first attempt at establishing a national minimum wage, a part of 1933’s sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair Labor Standards Act, President Franklin D. Roosevelt signed into law a minimum hourly wage of 25 cents—$4.07 in today’s dollars. Three-quarters of a century later, we are still debating the merits of this cornerstone of the New Deal. Do we need government to ensure a decent paycheck, or would low-wage workers and the economy be better off without its intervention?
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It’s often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession, are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive? Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains?
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Imagine a world free of genetic diseases, where parents control their offspring’s height, eye color and intelligence. The science may be closer than you think. Genes interact in ways that we don’t fully understand and there could be unintended consequences, new diseases that result from our tinkering. But even if the science could be perfected, is it morally wrong? Would it lead to eugenics and a stratified society where only the rich enjoy the benefits of genetic enhancement? Or would the real injustice be depriving our children of every scientifically possible opportunity?
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Over the summer of 2012, despite increased international pressure and economic sanctions, Iran doubled the number of nuclear centrifuges installed in its underground Fordow site, stopping just short of the capacity to produce nuclear fuel. President Obama has rejected Israeli Prime Minister Netanyahu’s call to draw a “red line” that would trigger U.S. military action. But what would the costs and benefits of military action be? Can Israel live with a nuclear Iran, or could the time be near for a pre-emptive strike?
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On the fundamental question--evolution or creation?--Americans are on the fence. According to one survey, while 61% of Americans believe we have evolved over time, 22% believe this evolution was guided by a higher power, with another 31% on the side of creationism. For some, modern science debunks many of religion's core beliefs, but for others, questions like "Why are we here?" and "How did it all come about?" can only be answered through a belief in the existence of God. Can science and religion co-exist?
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It was 1971 when President Richard Nixon declared a "war on drugs." $2.5 trillion dollars later, drug use is half of what it was 30 years ago, and thousands of offenders are successfully diverted to treatment instead of jail. And yet, 22 million Americans-9% of the population-still uses illegal drugs, and with the highest incarceration rate in the world, we continue to fill our prisons with drug offenders. Decimated families and communities are left in the wake. Is it time to legalize drugs or is this a war that we're winning?
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How do we fix the economy? The U.S. government's budget deficit is nearing a trillion dollars for the fourth straight year and unemployment remains high. With the Bush-era tax cuts set to expire at the end of 2012, what is the best move for continued economic recovery? Are the nation's wealthiest paying their fair share, or should tax cuts be extended to everyone in the name of job creation? Debaters include Romney's economic supervisor, Glenn Hubbard, economist Arthur Laffer, former Secretary of Labor Robert Reich and economist Mark Zandi.
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Just because we can extend life, should we? Two teams of debaters are arguing for and against this motion. The U.S. is expected to spend $2.8 trillion on health care in 2012. If health care is a scarce resource, limited by its availability and our ability to pay for it, should government step in to ration care? In other words, how much is an extra month of life worth?
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The popular uprisings of the Arab Spring have left a leadership void that Islamist parties have been quick to fill. A longtime supporter of former strongmen like Egypt's Mubarak and Tunisia's Ben Ali, the U.S. now faces the uncomfortable result of Arab democracy - the rise of Islamist parties that are less amenable to the West than their autocratic predecessors. Will the Islamists, who once embraced violence, slowly liberalize as they face the difficulties of state leadership? Or will it mean the growth of anti-Americanism and radicalization in the region? Reuel Marc Gerecht, Brian Katulis, Daniel Pipes and Dr. M. Zuhdi Jasser debate the motion: "Better elected Islamists than dictators." Debate moderated by author and ABC News correspondent John Donvan.
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Money has been flowing through this election season like never before. Some say unfettered political spending is a necessary part of free speech; others argue that approach drowns out many voices. A panel of experts takes on the topic for Intelligence Squared U.S.
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