Thursday, March 4, 2021

Summers & Hubbard on a $15 Minimum Wage: Roundtable Responds

Jan.22 — Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says a gradual increase in the minimum wage would be ideal, but prefers a jump to $15 to inaction. Former Council of Economic Advisers Chairman Glenn Hubbard says raising the minimum wage is fine, but thinks an earned income tax credit would be better. They join David Westin on “Bloomberg Wall Street Week.”

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