“Basically you're saying, OK, a line cook must be paid $15 an hour. It's not an extraordinary amount of money, but it ensures that a business pursues the high road of more efficiency.”

Bhaskar Sankara · Odd Lots · Bhaskar Sunkara Thinks the Market Has a Place Under Socialism

Play from 18:40
18:40

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What was described

set benchmark wages (e.g., $15/hour for line cooks) as a minimum wage tier for broad professional categories

$15 an hour

Said nearby on the same subject

“The minimum wage has not been raised in a very long time, and I think it's like at $7.25 an hour”
MB
Marquita Bradshaw
The International Risk Podcast ·
Hard number $7.25 per hour Share this moment
“Wage insurance… you lose your job and then you have to go to a lower wage job… that to me is a good use of wage insurance”
KE
Kathryn Anne Edwards
The Weekly Show with Jon Stewart ·
Why it worked Share this moment
“They introduced a $20 fast food specific minimum wage… a 25 percent pay hike… Jeff Clemens found 18,000 fewer jobs in that industry as a result.”
RB
Ryan Bourne
The Cato Weekly Podcast ·
Why it worked $20 fast-food minimum wage; 25% pay hike; 18,000 fewer jobs Share this moment
“If you now average across all states and localities, the kind of weighted population average minimum wage is around $12.13… a high barrier for many employers.”
RB
Ryan Bourne
The Cato Weekly Podcast ·
Why it worked $12.13 average minimum wage Share this moment

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