Episode

Why the Minimum Wage? | Pocket Byte #49

Podcast: The Wealth Effect
Published: Apr 30, 2026
Duration seconds: 1297
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Summary

We investigate the radical redesign of the American labor market as the minimum wage hits a historical breaking point. We explore the transition from the New Deal’s moral floor to a 2026 reality where a twenty-dollar-an-hour wage acts as a catalyst for the total automation of the service sector.