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Does Raising Minimum Wage Help or Hurt You in 6 Minutes

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Does raising minimum wage help or hurt you? That is the question that economists have been asking themselves over the past few years as cities like San Francisco and Los Angeles have been raising their minimum wages well beyond the federal minimum wage requirement. And while it may seem like a blessing, there are also some noteworthy consequences that recent studies have discovered. And while some say getting rid of the minimum wage in its entirety is the answer, others say we need to increase it federally to $15 an hour. But of course there are problems with both of these solutions. Subscribe To My Channel: https://www.youtube.com/channel/UCoFWz1e3VXKOoJ-E5cep1Eg Facebook: https://www.facebook.com/Thought.Monkey.Community/ Instagram: https://www.instagram.com/thought.monkey/ Credits: Music: Mono: Massive - Attila Sources: Obama - http://www.nytimes.com/2013/02/13/us/politics/obamas-2013-state-of-the-union-address.html Profit Over People - https://www.youtube.com/watch?v=fBbdO-dO1Cs Pro Free Market Remove Minimum Wage Article - https://fee.org/articles/the-truth-about-the-minimum-wage/ Seattle Report - https://evans.uw.edu/sites/default/files/two%20page%20overview.pdf Effects of Minimum Wage on Employment - http://www.frbsf.org/economic-research/publications/economic-letter/2015/december/effects-of-minimum-wage-on-employment/ Pre 1938 Working Conditions - http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/working-conditions-factories-issue Current Nike Factory - http://www.laborrights.org/in-the-news/six-cents-hour
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