BU Economics Professor Kevin Lang on the minimum wage debate
BU Economics Professor Kevin Lang recently weighed in on the minimum wage debate on New England Cable News.
During his State of the Union speech, President Obama called on Congress to give America a raise. Dozens of states across the nation are already considering doing just that.
To talk about the economics of a minimum wage hike, we were joined by Kevin Lang, economics professor at Boston University.
He said that the Conservative argument for a minimum wage increase is that it decreases employment. Lang said the Liberal argument is that the jobs tend to go to people who are below the median income and that it weighs in favor of reducing income inequality. He also said there is an argument that people who work full-time should make a wage that can support a family.
The minimum wage debate: Should it be raised?
Published by New England Cable News, 01/29/14