5-Minute Videos

What's the Right Minimum Wage?

Economics · Money · Small Business · Captions

About This Video

What's the perfect minimum wage: is it $10 an hour? $15? $20? How about zero? That's right. Zero. While Congress discusses a minimum wage hike, economist David Henderson shows that any minimum wage makes it harder for unemployed people (particularly young people) to find work, and forces business owners to cut the hours of lower-skilled employees.

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Standards Met in Ohio

  • EFL.9-12.1.lp.fGrades 9th, 10th, 11th, 12thIdentify the work/skills of an economist.
  • EFL.9-12.11.lp.fGrades 9th, 10th, 11th, 12thIdentify reasons why people work.