Crash Course Economics

tv show

poster for Crash Course Economics

35 total episodes

-

1 seasons

First Aired July 08, 2015

Overview

In which Adriene Hill and Jacob Clifford teach you all about economics.

Labor Markets and Minimum Wage poster unavailable

Labor Markets and Minimum Wage

Season 1 - Episode 28 - 0h 10m

Air Date

March 27, 2016

Overview

How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it.