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Arin Dube

👤 Speaker
90 total appearances
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Podcast Appearances

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

So that's kind of the way we can think about how the minimum wage actually gets absorbed.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

Um,

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

Most people tend to sort of support having a higher minimum wage when understanding these are some of the trade-offs that we may face.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

What do you think is the next step here?

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

It's certainly the case that there's that lack of wage growth is a big part of the affordability crisis.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And so finding ways of raising wages is key.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And that's why I wrote the book.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And one of the pillars that I argue

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

is exactly raising the minimum wage.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

The other one, by the way, is full employment, which also plays a very important role in helping giving more leverage to workers.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

But when we think about raising the minimum wage, at this point, the federal minimum wage has been stagnant, like we said, for 17 years.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

it is absolutely critical that we do raise it.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

You know, it's actually, it's something that there's a broad base of support in this country for doing this.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And the problem is really in Washington.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And so, of course, we can keep raising more state minimums.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

That is something that, you know, I think we'll probably continue to see efforts.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

But at the end of the day, you know,

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

Not all states, you can actually put this on the ballot.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And sometimes there's, you know, different factors that affect what kind of what legislatures are going to do.

Prof G Markets
SpaceX Stock Just Crashed — Here’s Why

And this is why it's really critical for the federal government to do its job and actually have a minimum wage.