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Bloomberg Markets and Finance published this video item, entitled “Summers & Hubbard on a $15 Minimum Wage: Roundtable Responds” – below is their description.
Jan.22 — Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says a gradual increase in the minimum wage would be ideal, but prefers a jump to $15 to inaction. Former Council of Economic Advisers Chairman Glenn Hubbard says raising the minimum wage is fine, but thinks an earned income tax credit would be better. They join David Westin on “Bloomberg Wall Street Week.”Bloomberg Markets and Finance YouTube Channel
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In This Story: markets
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In This Story: Minimum wage
Minimum wage is the concept, in some jurisdictions enshrined in law, that employees should earn a minimum amount per hour worked.