Minimum Wage 101 with Arin Dube

What happens when you raise the minimum wage? The almost decade long push for a federal 15$ minimum wage made new noise in the last few weeks when Democrats tried to include it in the American Relief Act. Although this new push failed, the policy remains incredibly popular even though there are even some Democrats who are opposed. So, what are the real world consequences of a raised minimum wage, and what are its impacts on the market and labor? This week professor of economics at the University of Massachusetts Amherst, Arin Dube, joins to give an economist’s view of the minimum wage and the revolution in the thinking behind it.