Fri, 13 May 2016
Yes, you read that right. Jason is going to whip out his bedazzler on the show today and give you all a show. We're also going to talk about some really important stuff starting with the fight for $15.
We've been discussing the issue of minimum wage even before the fight for $15 became a thing, and I've tried to explain what was going to happen and then point it out to you as it does. It gives you the chance to understand the economic principles at work and then see it play out in real time.
Today we find out that Wendy's will be implementing kiosks in their 6,000 stores nationwide to combat the rising cost of labor. This decision, they say, is a direct result of the minimum wage hikes happening across the country.
The $15/hr crowd told you this could never happen. They said it was all scare tactics. Well, it turns out they don't understand PR any better than they do economics. What is most frustrating is the people who will be hurt are the ones most in need of training and skills so they can move up in the workforce.
I've also got a couple of good stories about government spending and the Fed. I always get a chuckle when Yellen speaks.
Check out today's show and don't forget to share it with a friend!