Since the minimum wage is in the news again, I figured it would be a good time to address some things that are never brought up. In this episode we take a look at the minimum wage and why some people are against it being raised, but more importantly, we examine what the whole debate really shows about class consciousness in America.
The Minimum Wage Debate Explained – Second Thought
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Citations and further reading:
Housing prices and minimum wage:
1966 FLSA Amendment Study: https://academic.oup.com/qje/article-abstract/136/1/169/5905427?redirectedFrom=fulltext
Walmart Profits: https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit
Rental Prices: https://www.statista.com/statistics/200223/median-apartment-rent-in-the-us-since-1980/
McDonalds in Denmark: https://www.nytimes.com/2020/05/08/opinion/sunday/us-denmark-economy.html
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