In this week’s episode of AEI’s Banter podcast, Stu and Andrew sit down with the man, the myth, the legend: AEI economist Michael Strain. The topic: minimum wage laws. Michael walks through the likely effects of raising the federal minimum wage law from $7.25 to $9.00 as President Obama proposed in his recent state of the union address. Michael touches on both economic theory and empirical studies to make his case, suggesting that unemployment would rise. But we don’t just stop there. We also discuss the potential upside of raising the minimum wage, who works in minimum wage jobs, and the value of these jobs for workers. Last, Stu and Andrew reminisce about minimum wage jobs they’ve held (present jobs excluded). As always, thanks for listening and enjoy!
Posts tagged Economy
In this episode of Banter we sit down with AEI Scholar Stephen Oliner to discuss the role of home appraisals within the greater economy. Stephen, fresh off a two day conference discussing the issue, explains to us how important they can be when it comes to shortening housing cycles and keeping houses valued correctly. He also gives a few suggestions to help fix the problem. Later, Andrew gives us his formula for correctly selecting a Vice Presidential candidate.
In this week’s episode of Banter friend of the show Daniel Hanson fills in for Andrew and we chat with AEI Resident Fellow Mackenzie Eaglen about military sequestration. Sequestration, which is a D.C. term for budget cutting, is due to happen at the end of the year and has become a large issue with unemployment high and the economy still sputtering. Mackenzie explains to us why she think something needs to be done about it, and soon. Also Daniel talks about a new piece in US News & World Reports’ “Debate Room.”
As we await the Supreme Court Ruling on the Affordable Care Act, AEI adjunct scholar Dr. Christopher Conover sits down with us to discuss his new book, The American Health Economy Illustrated. Dr. Conover marshals an astounding amount of data to break down in simple language how the health economy works. He describes the major changes in spending on health care over the past few decades, how your health care dollar is spent, government involvement in the health sector, and how the U.S. compares to other countries. We also talk about likely impacts be from the Supreme Court’s health care ruling. Enjoy!
How can you create jobs and make the economy grow? In this edition of the AEI podcast, Banter, hosts Stu James and Andrew Rugg sit down AEI senior fellow Kevin Hasset to examine jobs and economic growth. We take a close look at exactly what unemployment statistics cover and what they miss. Kevin also explains the long term effects of unemployment, the role of regulation on job growth, and the effects of government growth on private sector growth. We also take a hard look at what lessons we can learn from Europe. Last, Andrew and Stu ruminate on a business literature book that is screaming to be written.
In this week’s episode of Banter, we continue our ongoing series entitled, “The Road to Freedom.” Stu sits down with AEI President Arthur Brooks and AEI Research Fellow Stan Veuger to discuss a few ideas to get the economy moving again. We start off the discussion with a look at what America has lost, not just monetarily, but culturally and socially. Stan, a new Fellow here at AEI gives a few examples of how we’re following Europe down the same path and what tragedies might lay ahead. Arthur follows up with a few great examples of what we can change to help moving America back towards prosperity.
In part 1 of the our special podcast series, the Road to Freedom, Stu sits down with AEI President Arthur Brooks and AEI Scholar Charles Murray. We discuss Arthur’s new book the Road to Freedom and talk about the state of America and what we can do to help jump-start the economy. Later in the podcast Charles talk to us about the differences between cultural and economic morality and why Arthur is correct that free enterprise is the most moral economic system.