Why a $15 minimum wage is no longer enough (with Dean Baker)

Why a $15 minimum wage is no longer enough (with Dean Baker)

Ever wondered what the minimum wage would be if it had kept pace with inflation and productivity like it used to? Here’s a hint: $7.25, and even $15.00, don’t come close. Economist Dean Baker has been crunching the numbers on the minimum wage for years. He joins the podcast this week to share what he’s found and why it matters. Since the publication of this episode, the Center for Economic and Policy Research issued a correction to Dean Baker’s August 2021 report that a minimum wage that kept up with productivity would be $26 per hour. In fact, it would be $23 per hour. Dean Baker is a Senior Economist at the Center for Economic and Policy Research. Twitter: @DeanBaker13 Further reading: This is What Minimum Wage Would Be If It Kept Pace with Productivity https://cepr.net/this-is-what-minimum-wage-would-be-if-it-kept-pace-with-productivity/ Work Should Pay: A $15 an Hour Minimum Wage Is a Start https://cepr.net/work-should-pay-a-15-an-hour-minimum-wage-is-a-start/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

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Episoder(444)

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7 Jul 44min

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30 Jun 47min

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23 Jun 39min

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16 Jun 38min

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Why have wages for working Americans stagnated for decades—even as productivity, corporate profits, and the wealth of the people at the top continued to rise? The mainstream explanations are familiar...

9 Jun 38min

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