Why governments should stop raising the minimum wage
Is raising the minimum wage a good thing? Callum Williams, our Senior economics writer, and Rosie Blau, co-host of The Intelligence podcast, discuss whether raising wage floors or the welfare state is better at reducing poverty.
00:00 – Why are people talking about the minimum wage right now?
00:20– Isn’t raising the minimum wage a good thing?
01:54 – What does the research on minimum wage suggest?
02:57 – Is raising the minimum wage the best way to fight poverty?
04:35 – So the idea that “work pays” actually isn’t good for overcoming inequality?
Listen to the full episode: https://econ.st/3KjDbYl
Why governments should stop raising the minimum wage: https://econ.st/4ocF4Ux
Sign up to our weekly newsletter: https://econ.st/3J0xzBr
#TheEconomist #budget2025 #RachelReeves
00:00 – Why are people talking about the minimum wage right now?
00:20– Isn’t raising the minimum wage a good thing?
01:54 – What does the research on minimum wage suggest?
02:57 – Is raising the minimum wage the best way to fight poverty?
04:35 – So the idea that “work pays” actually isn’t good for overcoming inequality?
Listen to the full episode: https://econ.st/3KjDbYl
Why governments should stop raising the minimum wage: https://econ.st/4ocF4Ux
Sign up to our weekly newsletter: https://econ.st/3J0xzBr
#TheEconomist #budget2025 #RachelReeves
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