Obama is pushing for an increase to the federal minimum wage, saying it will boost the economy. Opponents argue it will do the opposite. Is there a right answer to this? Should we raise the minimum wage? Go to http://testtube.ting.com to find out how much you could save by switching your mobile service. Get $25 in Ting credit and help support the show! Learn More: Economic Confidence, Continues, to Improve, in November http://www.gallup.com/poll/158738/economic-confidence-continues-improve-november.aspx "Gallup's U.S. Economic Confidence Index was -11 for the week ending Nov. 11, little changed from -10 the week prior." Obama Job Approval Tops Economy, Foreign Affairs Ratings http://www.gallup.com/poll/175217/obama-job-approval-tops-economy-foreign-affairs-ratings.aspx "Throughout his second term, President Barack Obama's overall job approval rating has exceeded his approval ratings on both the economy and foreign affairs, arguably the two most important areas of focus for presidents." U.S. Economic Confidence Index in August at -16 http://www.gallup.com/poll/175598/economic-confidence-stable-august.aspx "Gallup's U.S. Economic Confidence Index was steady at -16 in August." Executives: Expect More Economic Confusion Ahead http://businessjournal.gallup.com/content/154400/executives-expect-economic-confusion-ahead.aspx "For business leaders, economic signs are confusing right now." Economist agree: Raising the minimum wage reduces poverty http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/04/economists-agree-raising-the-minimum-wage-reduces-poverty/ "One funny part of watching journalists cover the minimum wage debate is that they often have to try and referee cutting-edge econometric debates." Minimum Wages and the Distribution of Family Incomes https://dl.dropboxusercontent.com/u/15038936/Dube_MinimumWagesFamilyIncomes.pdf "I use data from the March Current Population Survey between 1990 and 2012 to evaluate the elect of minimum wages on the distribution of family incomes for non-elderly individuals" Should We Raise the minimum Wage? 11 Questions and Answers http://www.theatlantic.com/business/archive/2013/12/should-we-raise-the-minimum-wage-11-questions-and-answers/282326/ "2013 was a good year for supporters of a higher minimum wage." The Pros and Cons of Raising the Minimum Wage http://wheniwork.com/blog/the-pros-and-cons-of-raising-the-minimum-wage/ "The debate over raising the minimum wage has been a hot topic after President Obama explained in his 2014 State of the Union Address that he intends to raise the minimum wage from $7.25 to $10.10 per hour, an increase of over 40 percent." Economist agree: Raising the minimum wage reduces poverty http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/04/economists-agree-raising-the-minimum-wage-reduces-poverty/ "One funny part of watching journalists cover the minimum wage debate is that they often have to try and referee cutting-edge econometric debates." Does the minimum wage cause unemployment? http://www.vox.com/cards/minimum-wage-explained/does-the-minimum-wage-cause-unemployment "There is considerable disagreement, but the consensus among economists is that small increases in the minimum wage have small if any negative effects on employment." Economists agree: Raising the minimum wage reduces poverty http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/04/economists-agree-raising-the-minimum "One funny part of watching journalists cover the minimum wage debate is that they often have to try and referee cutting-edge econometric debates." Watch More: DNews: Are We Living in a Holographic Universe? https://www.youtube.com/watch?v=nZZlu5Ckecc&list;=UUzWQYUVCpZqtN93H8RR44Qw Can the US still call itself "wealthy?" https://www.youtube.com/watch?v=90mKppE5OEM&list;=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Tara Long on Twitter https://twitter.com/TaraLongest Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq

• published: 08 Sep 2014
• views: 184797