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Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene always with Michael McKee.

Daily, we bring you insight from the best in economics, finance, investment and international relations.

Find Bloomberg Surveillance on iTunes, soundcloud,

Bloomberg.com and of course on the Bloomberg.

We're going to wax philosophical here on economics and some of the mysteries that are out

there before this jobs report.

Alan Kruger has given us exceptional value over the years.

He is the former chairman of the President's Council of Economic Advisors.

He is an eclectic author writing brilliantly on the game theory of terror,

and of course his iconic work with Mr. Card on the minimum wages.

Give us an update on the minimum wage now.

What evidence have you learned from $15 an hour?

Well, I would say, Tom, the most striking evidence

comes from the UK.

$15 an hour has only been enacted in a handful of cities in the US so far in a couple of states,

but the UK went from having no national minimum wage to having a pretty sizable

national minimum wage. They appointed a commission which every year does a

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