The minimum wage debate in 20 short minutes

Legislatures in many states are considering bills that would raise the minimum wage as high as $15 an hour.

Proponents have argued that raising the minimum wage would reduce poverty and pull workers off of public assistance.

Opponents point out that a steep increase would reduce employment opportunities and that much of the wage increase would get eaten up by taxes and higher prices. Plus there’s the basic principle that if someone wants to offer their labor services for $5 an hour, why should the government say they can’t do that.

The 20 minute (or so) video above hits most of the pros and cons, just click “Play” to watch the show.

Click here to listen to the show as a podcast (right-click to download)