This podcast episode discusses the impact of a rapid increase of the Federal minimum wage to $15.00.  Although it is a controversial issue, it should come as no surprise that a rapid increase of labor costs would have significant impacts on the country.  Many cities and states have already increased their minimum wages with mixed results.  A case study done in Seattle, Washington shows how dangerous a rapid increase in minimum wage can be.
Department of Labor Website is here.
CNBC article is here.
Washington Post article is here.
Hertiage Foundation article is here. 

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