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The Daily

The Fight for (and Against) a $15 Minimum Wage

The Daily

The New York Times

Daily News, News

4.4102.8K Ratings

🗓️ 17 March 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

The passage of the stimulus package last week ushered in an expansion of the social safety net that Democrats have celebrated. But one key policy was not included: a doubling of the federal minimum wage to $15 an hour. Today, we look at the history of that demand, and the shifting political and economic arguments for and against it.

Transcript

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0:00.0

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0:25.6

From New York Times, I'm Michael Babbaro.

0:33.2

This is a daily.

0:40.0

Even as President Biden and Congressional Democrats celebrate a historic expansion

0:45.1

of the Social Safety Net with the passage of the stimulus bill, they acknowledge that

0:49.9

one key policy did not make it in.

0:53.2

A doubling of the federal minimum wage to $15 an hour.

0:58.2

Today, as Biden vows to do whatever it takes to get to $15, my colleague, Shira

1:05.5

Frankl, spoke with economics reporter Ben Kasselman about what a growing body of data

1:12.0

tells us might happen and might not happen if that occurs.

1:26.5

It's Wednesday, March 17th.

1:35.6

So Ben, first of all, what's the minimum wage and who earns it?

1:39.4

So the federal minimum wage is $7.25 an hour.

1:44.0

It's been set at that level since 2009.

1:48.0

And there are only about 400,000 workers who earn the federal minimum wage.

1:53.2

That's in 2019, which is not that many people, in part because it's been so long that many

...

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