The
$15 minimum wage just went from "laughable" to "viable"—as a New York Times
headline put it—to the law of the land for millions of New York and California
residents.
In April 2016, the Empire and Golden states almost
simultaneously passed laws that will boost the state-mandated wage floor to $15
over the next few years for all workers—a high-stakes bet that the law of supply
and demand doesn't apply to human labor.
To discuss the potential impact
of the $15 minimum wage, Reason's Nick Gillespie sat down with Don Boudreaux, an
economist at George Mason University, who writes frequently about the minimum
wage at his blog, Cafe Hayek.
About 9:30 minutes.
Produced and
edited by Jim Epstein. Camera by Joshua Swain and Todd Krainin.
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