Support behind people like Bernie Sanders has shown a recent desire for policies such as a hike to the minimum wage in the U.S. Similarly, we’ve seen momentum building behind the call for a $15 minimum wage. In a two-part series, we delve into the reasoning and arguments for and against the minimum wage.

 

-Content Level: Expert-

 

In Part 1, we discussed:

* Reasons for the recent rise in discussion around a $15/hour minimum wage

* The intent of people who support and people who oppose the minimum wage

* Repercussions of the minimum wage

* Who the minimum wage currently effects in the U.S.

* History around minimum wages

 

In Part 2, we cover:

* Economic arguments for the minimum wage

* Economic arguments against the minimum wage

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Murray Williams – a former bond broker and fund manager, and Tom Dickens – a commercial insurance underwriter.

 

Supplemental Resources:

* Department of Labor BLS – Characteristics of Minimum Wage Workers

* Department of Labor – History of Minimum Wage Rates

* Historically Racist Motivations Behind The Minimum Wage

* The Ugly Truth About a $15 Minimum Wage

* Starvation in Communist Russia

* Soviet Union Using Sears Catalog to Price Goods

* North Korean Agricultural Capitalism