Feudal Future Podcast — Episode 23
Head to Head: The Debate on the Minimum Wage
On today’s episode of Feudal Future, hosts Joel Kotkin and Marshall Toplansky are joined by Senior Economist and Director of Trade and Manufacturing Policy Research Robert Scott & the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute (AEI) Michael Strain. ...Read more
Michael R. Strain is the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute (AEI), where he oversees the Institute’s work in economic policy, financial markets, international trade and finance, tax and budget policy, welfare economics, health care policy, and related areas.Dr. Strain’s latest book, “The American Dream is Not Dead: (But Populism Could Kill It)” was published by Templeton Press on February 28, 2020.
Robert E. Scott joined the Economic Policy Institute in 1997 and is currently director of trade and manufacturing policy research. His areas of research include international economics, the impacts of trade and manufacturing policies on working people in the United States and other countries, the economic impacts of foreign investment, and the macroeconomic effects of trade and capital flows and exchange rates.
[2:30] Rob explains how pressing the need of a minimum wage adjustment is
[6:20] Michael explains his stance on the need of a minimum wage, opposing Rob
[16:00] Immigration, wages, and the impact of long term income growth
[32:00] Focusing on minimum wage to solve our problems