To watch an interview I did on this topic, please click on this link: http://tinyurl.com/gndygyt.
Last week, I joined Fox Business host Charles Payne on Cavuto’s Coast to Coast show to talk about how minimum wage increases are leading to automation. During the segment, I talked about a recent CBO report that looks at unemployment for men 18-34, comparing 1980 to 2014. The report shows the situation is worse today and looks at a number of factors including increases in means-tested welfare benefits that discourage work and minimum wage increases. Charles and I discussed possible exceptions to high minimum wage increases to ensure that young Americans don’t lose access to opportunities. We also discussed the importance of negotiating better trade deals, as Donald Trump has called for on the campaign trail, which will benefit Americans. The segment is entitled: Could a minimum wage increase discourage workers?