In the latest episode of SPPI-TV, join us for a thought-provoking discussion on one of the most debated topics in public policy: the minimum wage. Our guest, Rebekah Paxton, Director of Research and State Coalitions at the Employment Policies Institute, brings her expertise to shed light on this critical issue. Hosted by D. Dowd Muska, Vice President of Research at SPPI, and Patrick Brenner, President at SPPI, this episode promises to offer deep insights and explore various perspectives.
The episode kicks off by delving into the origin and historical context of the minimum wage, both at the federal and state levels. Our experts provide an overview of the data, presenting a comprehensive picture of the impact on individuals affected by the minimum wage, the profile of typical minimum wage earners, and the implications for businesses of different sizes and sectors.
Drawing from extensive research, the discussion highlights surprising points of agreement, even among some on the left, regarding the effects of the minimum wage. Notably, our experts reference a classic 1987 New York Times editorial that reinforces the consensus on certain aspects.
With a focus on Nevada, a state with the highest unemployment rate in the nation, the conversation explores the potential consequences of the recent minimum wage hike. By examining local minimum wage policies in places such as West Hollywood and Santa Fe, the episode reveals the varying approaches and their impact on businesses and local economies.
Moving beyond theoretical debates, our experts examine the real-time effects of the minimum wage on the economy. They analyze the implications for labor force participation, inflationary pressures, and other economic indicators both in the present and in the months to come.
In a compelling segment, the episode dares to imagine a “minimum wage-free” America, exploring what such a scenario would look like. By considering alternative approaches to wage regulation, our guests offer valuable insights into the potential consequences and benefits.