Welcome to the Bloomberg's surveillance podcast, I'm Tom Keane, along with Jonathan

Farrell and Lisa Abralwitz.

Daily, we bring you insight from the best, an economics finance investment and international

relations to find Bloomberg's surveillance, an Apple podcast, SoundCloud, Bloomberg.com

and of course, on the Bloomberg Terminal.

The exceptionally important research by the gentleman from Dartmouth, David Blanchflower

joins us now as public service to his United Kingdom, to his whales, frankly, to his

Carter football team as well, and we're thrilled that Danny Blanchflower could join us this

morning.

Danny, I'm going to dig, you're good to see, I'm going to digress here, I know John

wants to drive in, dive into this research.

We are seeing Big Tech now show that David Card and Ellen Krueger got it right.

They nailed it on the minimum wage.

Now we have Big Tech bidding up labor to 17, $18 an hour across America.

What is the effect of Big Tech on the minimum wage?

Well, I always, living in Hanover, New Hampshire, Tom, my kids used to go and work at the local

cinema and they'd work at 10 bucks an hour and obviously North of the North and part

of the United States, the minimum wage didn't find, but what we're seeing here is a labor

market adjusting to a shock and basically firms having to pay the going price.

The question, which you guys are all thinking about, is does that continue in the future?

Just because there's a once-off rise in wages, does it necessarily mean something going

forward?

...