Minimum wage laws continue to be a political football issue in the United States,

with the Fight for 15 Movement and various organizations across the country campaigning for a living wage

so that low wage workers who are struggling to support a family can make ends meet.

On the surface, it seems like common sense.

After all, if there were no minimum wage laws, then greedy business owners would just employ

slave labor, right?

And it's not like there's any harm in raising wages.

It's a boon for the poor and a boon for the economy, right?

But there's something strange about the idea of a minimum wage.

It's one of those subjects that everyone has a strong opinion about,

even if they have no idea what makes actual economic sense.

And, as in most cases cases what we don't know about the economics of

wage floors can hurt us. But perhaps the most surprising thing of all is that the

minimum wage has a dirty secret that most

economists don't want you to know about. Today we explore the dark history of the

minimum wage. This is the corporate report.

So why $15 an hour?

Why not 20?

We're 50. Heck Heck if we made the minimum wage $150 an hour we'd all be

millionaires, right? So would you mind just, you know,

choose putting an X next to the minimum wage

that you'd like to see?

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