DiscoverEconomist PodcastsWage against the machine: the distortions of minimum pay
Wage against the machine: the distortions of minimum pay

Wage against the machine: the distortions of minimum pay

Update: 2025-11-25
Share

Description

For decades governments have found minimum-wage rises a politically expedient means of redistribution. But the onward economic distortions have at last become clear. Of course AI can write a faster cover letter — perhaps even a better one. But there are knock-on costs when everyone is doing it. And a look at Florida’s bold experiment in the free choice of unbundled education.


Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.




Hosted on Acast. See acast.com/privacy for more information.

Comments 
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Wage against the machine: the distortions of minimum pay

Wage against the machine: the distortions of minimum pay