Episode 591 • • 1:42:47 - 1:48:32
591: Mipster Intercept
Federal vs State Minimum Wage and Economic Impact
The federal minimum wage remains at $7.25 under the Fair Labor Standards Act, though many states mandate higher rates that employers must follow. The discussion explores the potential negative consequences of a mandated minimum wage, such as the loss of entry-level service jobs like gas station attendants. Reference is made to Oregon's law prohibiting self-service gas as a state-mandated jobs program.