4.8 • 1.5K Ratings
🗓️ 18 January 2022
⏱️ 31 minutes
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0:00.0 | We allow businesses in most states to pay tip workers a tiny fraction of what the actual |
0:09.2 | minimum wage is. |
0:10.6 | It is an abomination that in 2022 the United States of America has a federal minimum wage |
0:17.0 | of $2.13 for the nation's largest and fastest growing industry and that in four out of five |
0:23.2 | states that wage is under $5 an hour. |
0:26.2 | It's really a giant scale. |
0:33.0 | From the home offices of civic ventures in downtown Seattle, this is pitchfork economics |
0:37.9 | with Nick Hanauer, the best place to get the truth about who gets what and why. |
0:49.2 | I'm Nick Hanauer, founder of Civic Ventures. |
0:52.4 | I'm David Goldstein, senior fellow at Civic Ventures. |
1:00.8 | So Nick, it's a new year and that means that there's a number of minimum wage increases |
1:06.7 | taking effect across the country. |
1:08.8 | In fact, in 35 cities and counties and 21 states, minimum wage rose on January 1st, many |
1:15.9 | hitting or surpassing $15 an hour. |
1:20.0 | I bet you didn't see that coming seven, eight years ago. |
1:24.2 | No, I did not. |
1:25.2 | No, we've come far and yet we continue to fight over this incredibly stupid thing, which |
1:34.7 | is that we allow businesses in most places, I think in most states, to pay tip workers |
1:43.2 | a tiny fraction of what the actual minimum wage is. |
1:48.1 | That policy pivots off the federal policy, which requires businesses to pay tip workers |
1:55.2 | only $2.13 an hour plus tips. |
2:00.4 | It's an abomination, it's an idiotic policy and definitely something that should be eliminated. |
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